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Sierra Rutile Ltd (SRX)

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Tuesday 20 March, 2012

Sierra Rutile Ltd

Directorate Change

RNS Number : 6539Z
Sierra Rutile Limited
20 March 2012



Sierra Rutile Appoints New Director


London, UK, 20 March 2012: Sierra Rutile Limited (AIM:SRX) ("Sierra Rutile") is pleased to announce the appointment of Richard Lloyd Lister as a non-executive director.

Mr. Lister, 73, brings to the Board over 40 years of experience in the industrial minerals and mining sectors.  Currently acting as a consultant to various mining companies, Mr. Lister previously was President and CEO, as well as Vice-Chairman, of Zemex Corporation, a significant North American industrial minerals company.    Mr. Lister also served as Vice-Chairman of Dundee Bancorp, a major Canadian wealth management company, and Chairman, President and CEO of Campbell Resources, a Canadian Resource company with base metal, industrial mineral, coal, and oil and gas assets in Canada, the U.S., and Mexico.  Mr. Lister currently serves as a director of Labrador Iron Mines Holdings (TSX: LIM).

Mr. Lister received his PhD from Toronto University for his work in the field of Metallurgical Engineering and Material Science.

François Collette has also informed the Board of his decision not to stand for re-election at the 2012 AGM.

Commenting on the appointment and departure, Jan Castro, Chairman of Sierra Rutile, said:

"We are delighted to welcome Richard to the Board. He brings extensive experience in industrial minerals and his knowledge in metallurgy, processing and mineral sales will be of great value to Sierra Rutile.

We would also like to thank François for the experience and insight he brought to the Board.  As a director he made a significant contribution to Sierra Rutile's growth and governance, and we wish him well for the future."

Mr Lister previously served on the board of the following companies:

Anatolia Minerals

Coal Corporation

First Metals

No further information is required to be disclosed in accordance with Schedule 2(g) of the AIM Rules for Companies.


For further information:


Sierra Rutile                                                                          Telephone: +44 (0)20 7074 1800

John Sisay, Chief Executive Officer  

Joe Connolly, Chief Financial Officer


Collins Stewart                                                                     Telephone: +44 (0)20 7523 8350

John Prior / Adam Miller         


Kreab Gavin Anderson                                                        Telephone:  +44 (0)20 7074 1800

Fergus Wylie / Rupert Trefgarne                            




About Sierra Rutile

Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon.  Sierra Rutile's mine, located in the south west of Sierra Leone, is one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 600 million tonnes (as at February 2011).

Sierra Rutile is listed on AIM under the symbol "SRX".


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