Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • FEAnalytics.com
  • FEInvest.net
  • FETransmission.com
  • Investegate.co.uk
  • Trustnet.hk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

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Titanium Resources (SRX)

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Thursday 10 June, 2010

Titanium Resources

AGM Statement

RNS Number : 3674N
Titanium Resources Group Ltd
10 June 2010
 



 

 

Titanium Resources Group

AGM Address to Shareholders

 

 

10 June 2010: Titanium Resources Group ("The Company") is today holding its Annual General Meeting at 9:00 am. Speaking at the AGM, John Sisay, Chief Executive, will state:

 

"As previously announced, after the end of the financial year, Walter Kansteiner stood down after more than five years as Chairman of TRG and I will therefore be chairing today's meeting.  Walter contributed an enormous amount to the Company and was a highly valued Board colleague and I wish him well on behalf of the Company and the many stakeholders with whom he communicated.  The process of selecting a new Chairman has begun and is being lead by Rod Baker, in his role as the senior Non-executive Director. A further announcement on the process of selecting and appointing a new Chairman will be made in due course. In the meantime I have accepted the invitation to serve as interim Chairman.

As many shareholders know, 2009 was a busy year for the Company with a number of important, positive developments.

During 2009, the Company achieved positive earnings before interest tax depreciation and amortisation of 6 million dollars, compared to a loss of 22.6 million dollars in 2008.

We reduced the Company's cash costs by 56% to 28.7 million dollars in 2009 from 64.7 million dollars in 2008.

In November of 2009, we successfully raised 25 million dollars to expand production through the construction of Dredge D3 and make upgrades to the Company's wet and land plants.

Work is progressing on the construction of Dredge D3 which is expected to add an additional 30,000 tonnes of rutile production in its first full year of operation. There have been some revisions to the ambitious construction schedule which we set for ourselves. Whilst any delay is obviously regrettable, these delays are partly due to a review of measures which might reduce build costs and improve operating efficiency. We are committed to ensuring that Dredge D3 works effectively once commissioned and will provide a further update when we announce Interim results in September.

In April of this year, the Company achieved a final settlement with all insurers in relation to the capsize of Dredge D2.  In total we received proceeds of 11 million dollars. We continue to assess a variety of options for using the funds received from insurers including investment in existing assets, the development of new growth projects or a return of capital to shareholders. Work to assess which of these options will deliver the greatest long-term value to shareholders is ongoing and we will make a further announcement once this process has been completed.

Production during the first half has been affected by occasional disruptions but the team has worked hard to resolve these challenges and we have not concluded that there will be any significant reduction to our annual production target of 90,000 tonnes.

We are mindful of our responsibilities as one of the largest employers in Sierra Leone. Our safety performance improved significantly in 2009 with recordable injuries falling by 17%. Relations with our host communities remain good and we continue to work to support their needs through the development of the Sierra Rutile Technical Institute and by supporting literacy and healthcare programmes in the areas around our operation. Similarly, we have a strong relationship with the Government of Sierra Leone."

 

Ends

For further information:

 

Titanium Resources Group

John Sisay, Chief Executive

Telephone: +44 (0) 20 7321 0000

 

Arbuthnot Securities

Nominated Advisor & Broker

Richard Johnson / Hugh Field

Telephone: +44 (0) 20 7012 2000

 

Aura Financial

Michael Oke / Andy Mills

Telephone: +44 (0) 20 7321 0000

 

 


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