Resumen de Sierra Rutile begins construction of rutile expansion project
"The Ebola situation is largely behind us but it taught us a lot of lessons and it made us much more efficient," John Sisay, Sierra Rutile's CEO, told IM.
"[This] announcement by Sierra Rutile, of a major investment in its mining operations, marks a turning point as we start to rebuild our economy following recent Ebola-related challenges," [Ernest Bai Koroma] said. "I am proud that one of Sierra Leone's most important companies has not only weathered the Ebola storm, but is now emerging as a leading regional player in rebuilding our country's future." "Sierra Rutile has announced that it has commenced construction of its new growth project, Gangama, with the overall parameters largely in line with our expectations. The two-stage, modular approach to development reduces financial risk, while also ensuring that the additional volumes can be absorbed by the market," analysts at Investec said.
