Sierra Rutile secures 70,000 tonne rutile deal with pigment producer

Mineral sands company Sierra Rutile has entered into a 70,000 tonne rutile supply agreement with a major pigment producer, an update issued by the company on Monday disclosed.

Mineral sands company Sierra Rutile has entered into a 70,000 tonne rutile supply agreement with a major pigment producer, an update issued by the company on Monday disclosed.

The company, which operates in Sierra Leone, reported that the contract would be valid until December 31st 2014 and consisted of seven 10,000 tonne shipments of rutile - representing one per calendar quarter. It said that the contract secured sales of a substantial portion of Sierra Rutile's production for the remainder of 2013 and into 2014.

Rutile is a raw form of titanium dioxide and is one of a number of feedstock used in the production of white pigment, which is commonly used in the global manufacture of paint, plastics and paper.

Sierra Rutile's share price was up 3.25% to 63.50p at 12:50 on Monday.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Here’s why you really should own at least some bitcoin
Bitcoin

Here’s why you really should own at least some bitcoin

While bitcoin is having a quiet year – at least in relative terms – its potential to become the default cash system for the internet is undiminished, …
16 Sep 2020
Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020
Central banks want politicians to take charge – but what will they do?
US Economy

Central banks want politicians to take charge – but what will they do?

The US Federal Reserve has come to the end of the road in terms of what it can do to accelerate any recovery, says John Stepek. It's over to the polit…
17 Sep 2020