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Titanium Resources (SRX)

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Monday 28 July, 2008

Titanium Resources

Completion of disposal of SML

RNS Number : 9627Z
Titanium Resources Group Ltd
28 July 2008
 

Titanium Resources Group


Completion of disposal of SML bauxite mine




28 July, 2008: Titanium Resources Group ('the Company') is pleased to announce that on Friday 25 July 2008 it completed the transaction relating to the disposal of Global Aluminium Limited to Vimetco N.V. The disposal, for a total cash consideration of US$40 million, was announced by the Company on 25 July 2008.


Ends



For further information:



TRG

Len Comerford, Chief Executive

Walter Kansteiner, Non-executive Chairman

Tel: +44 (0) 207 321 0000


Nominated Adviser

David Nabarro

Nabarro Wells & Co. Limited

Telephone: +44 20 7634 4859


Arbuthnot Securities

John Prior

Telephone: +44 20 7012 2000


Aura Financial

Michael Oke

James Devas

Tel: +44 (0) 207 321 0000




Titanium Resources Group


Titanium Resources Group is a mining company with operations in the Republic of Sierra Leone. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group operations historically accounted for over 65 per cent of the exports of Sierra Leone.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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