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Titanium Resources (SRX)

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Tuesday 10 August, 2010

Titanium Resources

Appointment of Executive Chai

RNS Number : 8712Q
Titanium Resources Group Ltd
10 August 2010
 

Titanium Resources Group Ltd

Appointment of Executive Chairman

 

10 August 2010: Titanium Resources Group Ltd ("TRG" or "the Company") is pleased to announce the appointment of Mr. Wayne Malouf today as Executive Chairman of the Company with immediate effect.

Immediately prior to his appointment, Mr. Malouf was CEO, President and Chairman of Diamond Fields International, Ltd., a Toronto Stock Exchange traded company (TSX:DFI).  He will continue to serve as non-executive Chairman of DFI.

Mr Malouf previously served as Executive Vice-Chairman of TRG from the time of the Company's IPO in August 2005 (the "IPO") until March 2008, and as a non-executive director of the Company from March 2008 until October 2008.  During that time Mr. Malouf had a pivotal role in the successful restart of TRG's mining operations in Sierra Leone.  Prior to the IPO, from 2002 to 2004, Mr. Malouf was the chief executive officer of Sierra Rutile Limited. In this capacity, he oversaw negotiations and implementation of financing arrangements with the European Commission and the Government of Sierra Leone.

Mr. Malouf earned his BA and JD from St. Mary's University Of San Antonio, Texas. He has an MA in social sciences with a focus on economics and international relations from the University of Chicago. After a judicial clerkship and brief term working in other firms, Mr. Malouf founded his own law firm in 1989.

Mr Malouf has extensive experience in international business, having successfully concluded many large transactions in mining and other industries. Most recently, he lead the team at DFI that concluded a joint venture arrangement between DFI and Manafa International of Saudi Arabia for the development of the Atlantis II Red Sea deposit, the largest known polymetallic marine deposit in the world.

John Sisay, Chief Executive, said:

"Wayne already has extensive knowledge of the Company in addition to his significant experience in the mining industry.  I welcome Wayne back to the Board of TRG, and look forward to working with him again."

ENDS

For further information:

Titanium Resources Group

Wayne Malouf, Executive Chairman

John Sisay, Chief Executive

Tel: +44 (0) 20 7321 0000

 

Arbuthnot Securities

Nominated Advisor

Richard Johnson / Hugh Field

Tel: +44 (0) 20 7012 2000

 

Aura Financial

Michael Oke/Andy Mills

Tel: +44 (0) 20 7321 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's operations have historically accounted for over 65 per cent of the exports of Sierra Leone.

Other Information

Edward Wayne Malouf (aged 52) holds no interest in TRG ordinary shares nor TRG options.

Mr Malouf will also retain his practice at the Law Office of Edward Wayne Malouf in Dallas, Texas.  He has also held the following directorships and partnerships:

Current directorships and partnerships

Diamond Fields International Limited

Kimberley Overseas

Diamond Fields (S.L.) Limited

Diamond Fields (Liberia) Inc.

Gem Fields Resources Limited

Diamond Fields Marine Limited

Diamond Fields Saudi Arabia Limited

Diamond Fields Potash Saudi Arabia Limited

Diamond Fields Salt Saudi Arabia Limited

Red Sea Arabian Resources Limited

Diamond Commodity Exchange Limited

Rare Earth Resources Limited

Rea Sea Holdings Group, Limited

 

Former directorships and partnerships within the past five years

 

Titanium Resources Group Ltd.

Global Aluminium Limited

Titanium Fields Resources Limited

SRL Acquisition No. 1 Limited

SRL Acquisition No. 3 Limited

The Natural Rutile Company, Limited

Bauxite Marketing Limited

Sierra Rutile Holdings Limited

Sierra Mineral Holdings I, Limited

Sierra Rutile Limited

Agricultural Resources Group

MIL (Investments) SARL

 

There are no additional disclosures to be made in relation to Mr Malouf pursuant to schedule 2(g) of the AIM Rules for Companies.

 

10 August 2010


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