Titanium Resources Group

Infobox Company
company_name = Titanium Resources Group Ltd.
company_
company_type = Limited (AIM: [http://www.londonstockexchange.co.uk/en-gb/pricesnews/prices/system/detailedprices.htm?sym=VGG889921059GBGBXAIM%20B08D3Z6TXR TXR.L]
foundation =
location = London & Freetown
key_people = Wayne Malouf, Executive Vice Chairman Max McGarvie, Chief Executive Officer
Raju Jaddoo, Chief Financial Officer
industry = Mining
products = Rutile
Bauxite
revenue =
operating_income =
net_income =
num_employees =
homepage = [http://www.titaniumresources.com/ www.titaniumresources.com]

Titanium Resources Group Ltd. is a holding company that wholly owns a number of mining, exploration and marketing companies with large holdings in Sierra Leone.

The company owns two important mines: the "SML Bauxite Mine" (controlled through Global Aluminium Ltd) and the "Sierra Rutile Mine" (controlled through Titanium Fields Resources Ltd). These two mining operations used to account for 75% of Sierra Leone's exports and produced about 30% of the world's supply of natural Rutile, and a significant amount of Bauxite. The company attempted to make the mining operation as self-sufficient as possible, by building a dedicated port, power station, power grid and water reticulation system. They also built housing, medical and recreational facilities for their workers. In 1995 the company abandoned their operation because of the Sierra Leone Civil War.

In January 2005, the company agreed a mining lease covering 580 km² of South West Sierra Leone, about 150 km South East of the capital.

On 28th February, 2005, the company announced that they were beginning refurbishment of the Sierra Rutile Mine, to be completed in early 2006. Later in the year, they announced that they were to restart their SML Bauxite mine also. In December 2005 they acquired the Rotifunk mineral sands prospect, also in Sierra Leone, from Gondwana Investements S.A. for US$120 000. In January, 2006, they completed refurbishment and commissioned their primary bucket line dredge (Dredge D1), and so restarted the SML Bauxite Project. On the 25th August 2005, they listed shares on the AIM market of the London Stock Exchange under the symbol: AIM: TXR.L.

References

cite news
first=Stephen
last=Foley
author=
url=http://news.independent.co.uk/business/analysis_and_features/article340347.ece
title=Titanium ready to scoop peace dividend in Sierra Leone
publisher=The Independent
pages=
page=58
date=2006-01-23
accessdate=2006-01-23

cite web
author=
year=
url=http://www.titaniumresources.com/homepage/index.html
title=Titanium Resources Group Website
format=
work=
publisher=
accessdate=2006-01-23
accessyear=