Sierra Rutile boasts of world class project
Sierra Rutile said a new study of its mine in south west of Sierra Leone 'definitively' showed the world-class nature of the deposit and its ability to support multiple mining units.
Sierra Rutile said a new study of its mine in south west of Sierra Leone 'definitively' showed the world-class nature of the deposit and its ability to support multiple mining units.
The firm hailed the results as showing "exceptional feasibility study economics", including a $472m project pre-tax net present value.
The study returned a 27-year modelled project life, with significant scope for further extensions to the length of operations.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It also showed low cash-cost operation at just $394 per tonne for the life-of-mine, including $219 per tonne for the first five years.
Chief Executive Officer John Sisay said the value of the project and its potential returns was impressive, and it further highlighted the inherent value of Sierra's existing, operating assets and near-term expansions.
"The low-cost nature of this project provides [the firm] with the opportunity to be an extremely profitable supplier of rutile to the market for the long-term," he said.
Rutile is predominantly used in the manufacture of white pigment for paint and plastics.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Are the wealthy dodging more tax than previously thought?
A new report suggests tax non-compliance among the wealthy could be worse than previously imagined. Is an overly complex system partly to blame?
-
Six out of 10 retirees who accessed a pension didn’t use Pension Wise - how does the guidance service work?
Many pension savers don’t bother using the free government-backed service Pension Wise. So, how does it work, and could it be useful for you?