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”).


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.


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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.


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.


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Titanium Resources (SRX)

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Tuesday 26 January, 2010

Titanium Resources

Operational Update

RNS Number : 1023G
Titanium Resources Group Ltd
26 January 2010
Titanium Resources Group
Operational Update
26 January 2010: Titanium Resources Group (“TRG” or “the Company”) today issues an update prior to the publication of its Preliminary Results on Tuesday 23 March 2010. The Board is encouraged by the positive developments on a number of fronts: production, marketing and operations.
The last quarter of the year ended 31 December 2009 was particularly strong with rutile production up 96.8% compared to Q3, contributing 21,514 tonnes to an annual figure of 63,864 tonnes which was broadly in line with the Company’s estimates. The Company also produced 15,161 tonnes of ilmenite and 8,501 tonnes of zircon concentrate in the year to 31 December 2009.
Price increases of between 4-6% have been achieved with customers for the majority of our confirmed shipments for 2010 production and we are pleased to confirm the appointment of Neil Gawthorpe as our new Marketing Director.
In the last quarter, the Company took advantage of depressed prices for mining equipment to purchase a new IMS Versi-Dredge (“the Versi-Dredge”) for US$1.1 million which was financed entirely from existing cash flows. Once commissioned in spring 2010, it will reduce the negative impact of mineral slime problems at the Lanti South Pond which have affected production volumes during the last year.
Later in the current year, it is anticipated that the Versi-Dredge will be deployed to increase overall production at the Mogbwemotailings area which contains a mineral resource of approximately 18 million tonnes at an average rutile grade of 0.94%.
The developments associated with the Placing which raised approximately US$25 million in November (Dredge D3, upgrades to the wet plant and land plant) are continuing and we look forward to providing further detail on progress with the publication of our full year results.
For further information: 
Titanium Resources Limited
John Sisay, Chief Executive 
Walter Kansteiner, Non-executive Chairman 
Tel: +44 (0) 207 321 0000 
Arbuthnot Securities 
Nominated Adviser & Broker
John Prior / Ed Burbidge
Tel: +44 (0) 20 7012 2000
Aura Financial
Michael Oke / Andy Mills
Tel: +44 (0) 207 321 0000 
Titanium Resources Group 
Titanium Resources Group operates the Sierra Rutile mine in the Republic of Sierra Leone, through its subsidiary Sierra Rutile Limited. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group’s 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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