11th May 2015 07:00
Sierra Rutile Limited
Sierra Rutile Appoints New Chief Operating Officer
London, UK, 11 May 2015: Sierra Rutile Limited (AIM: SRX) ("Sierra Rutile") is pleased to announce the appointment of Wayne Venter as Chief Operating Officer of Sierra Rutile. Mr. Venter will take responsibility for all aspects of operations, including overseeing current operations, strategic business planning, and execution of growth projects.
Mr. Venter has over 25 years of experience in mining operations internationally and will join Sierra Rutile on 1 August 2015 from Norilsk Nickel, where he served as Chief Executive Officer of the Australian operations.
Prior to this, he held senior management positions at Norilsk Nickel operations in Africa. In this role Mr. Venter was responsible for a US$1.2 billion portfolio employing a workforce of 4,000 people, including overseeing operations at the Tati Nickel mine, one of the largest operations of its kind globally, and the Nkomati Nickel Mine joint venture with African Rainbow Minerals. Prior to Norilsk Nickel Africa, Mr. Venter held senior operating management positions with Anglo Platinum.
John Sisay, CEO of Sierra Rutile, said: "We are delighted to welcome Wayne to the COO role. The breadth of his experience in leading mature mining operations in Africa and internationally, plus his experience in delivering projects will be key as Sierra Rutile commences the construction of the Gangama Project. We look forward to Wayne's contributions with driving further optimisations and efficiencies to realise the full potential of Sierra Rutile's world-class asset."
For Further Information:
Sierra Rutile Limited Yves Ilunga, Chief Financial Officer
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+44 (0)20 7074 1800 |
RBC Capital Markets Nominated Adviser and Joint Corporate Broker Jonny Hardy
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+44 (0)20 7653 4000 |
Investec Bank Joint Corporate Broker Chris Sim / George Price
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+44 (0)20 7597 4000 |
Kreab Marc Cohen / Christina Clark |
+44 (0)20 7074 1800 |
About Sierra Rutile Limited
Sierra Rutile produces titanium feedstock industrial minerals (primarily rutile, with some associated ilmenite), as well as smaller quantities of zircon. Sierra Rutile's mine, located in the south west of Sierra Leone, is one of the largest natural rutile deposits in the world, with a JORC-Compliant Mineral Resource for measured, indicated and inferred resources for the Sierra Rutile mine of over 910 million tonnes (as at 30 September 2013).
www.sierra-rutile.com
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