28th Jul 2008 07:45
Titanium Resources Group
Completion of disposal of SML bauxite mine
28 July, 2008: Titanium Resources Group ("the Company") is pleased to announce that on Friday 25 July 2008 it completed the transaction relating to the disposal of Global Aluminium Limited to Vimetco N.V. The disposal, for a total cash consideration of US$40 million, was announced by the Company on 25 July 2008.
Ends
For further information:
TRG
Len Comerford, Chief Executive
Walter Kansteiner, Non-executive Chairman
Tel: +44 (0) 207 321 0000
Nominated Adviser
David Nabarro
Nabarro Wells & Co. Limited
Telephone: +44 20 7634 4859
Arbuthnot Securities
John Prior
Telephone: +44 20 7012 2000
Aura Financial
Michael Oke
James Devas
Tel: +44 (0) 207 321 0000
Titanium Resources Group
Titanium Resources Group is a mining company with operations in the Republic of Sierra Leone. The Group is the country's largest private sector employer and produces rutile and ilmenite for use in industrial applications. The Group operations historically accounted for over 65 per cent of the exports of Sierra Leone.
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