Sierra Rutile makes change to expansion strategy at Gangama

Sierra Rutile, the AIM-listed producer of titanium feedstock industrial minerals, has decided to make a significant change in its expansion strategy with the fast-tracked development of a new project, the dry mining of the Gangama deposit.

Sierra Rutile, the AIM-listed producer of titanium feedstock industrial minerals, has decided to make a significant change in its expansion strategy with the fast-tracked development of a new project, the dry mining of the Gangama deposit.

The deposit is expected to have an average annual production profile of 83,400 tonnes of rutile, 46,000 tonnes of ilmenite and 9,500 tonnes of zircon concentrate over a life of six years, for an up-front capital cost of $103m over its 12 month construction period.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.