Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last 22.13 GBp
Change Today +0.88 / 4.12%
Volume 316.7K
SRX On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
As of 12:55 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

sierra rutile ltd (SRX) Snapshot

Open
21.25 GBp
Previous Close
21.25 GBp
Day High
22.13 GBp
Day Low
21.25 GBp
52 Week High
05/2/14 - 61.00 GBp
52 Week Low
04/20/15 - 17.00 GBp
Market Cap
115.5M
Average Volume 10 Days
2.2M
EPS TTM
-0.02 GBp
Shares Outstanding
522.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SIERRA RUTILE LTD (SRX)

Related News

No related news articles were found.

sierra rutile ltd (SRX) Related Businessweek News

No Related Businessweek News Found

sierra rutile ltd (SRX) Details

Sierra Rutile Limited, a mineral sands company, is engaged in exploring for, producing, and marketing industrial minerals in Sierra Leone. It is involved in the extraction, concentration, separation, and sale of rutile primarily for use in the manufacture of white pigment for paint, plastics, and paper industries; and by-products, including ilmenite for use as a lower-grade pigment feedstock, and zircon for use in the ceramics industry, as well as other concentrates sands. The company owns interests in the Sierra Rutile mine that consists of 19 rutile deposits covering an area of 560 square kilometers located near the Imperri Hills, south west of Sierra Leone. It is also engaged in producing oil palm, cacao, rubber, and pineapple. The company was formerly known as Titanium Resources Group Ltd and changed its name to Sierra Rutile Limited in February 2011. Sierra Rutile Limited is headquartered in Freetown, Sierra Leone.

1,467 Employees
Last Reported Date: 03/26/15

sierra rutile ltd (SRX) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

sierra rutile ltd (SRX) Key Developments

Sierra Rutile Limited to Start Gangama Dry Mine Project

Sierra Rutile Limited announced that it has commenced the construction of the Gangama Dry Mine (the Project). The Project will be developed in two phases, each a separate 500 tonne per hour (tph) operation. The company’s board of directors has approved the commencement, and associated expenditures, for the first phase of the Project. Project Highlights: Low-risk expansion: The Project will consist of two discrete 500 tph units, each similar to the Lanti Dry Mine that was commissioned in 2013 on time and within budget. DRA will be responsible for engineering, procurement and construction of the Project on a lump-sum turn-key basis, reducing the risk of cost-overruns to Sierra Rutile; Low capex intensity: Capex has been further optimized, with total Project capex reduced to $77 million from $81 million and Phase 1 capex reduced to $44 million from $54 million. Lower unit costs: Phase 1 of the Project is expected to reduce Sierra Rutile's total operating cash costs1 to $595/t and all-in operating cash costs2 to $670/t on average over the first five years of the Project. With the Phase 2 expansion, costs would reduce further to $535/t and $600/t respectively over this period; Strong project economics3: Phase 1 of the Project has an after-tax IRR of 81% and an NPV10% of $232 million. The combined Phase 1 and 2 project has an after-tax IRR of 83% and an NPV10% of $351 million; Long-life project: Over 20 year project life4; Short lead-time to production: Phase 1 of the Project will be constructed over a 12-month period, with first production targeted for late second quarter of 2016; Minimal market disruption: In its first three years, Phase 1 of the Project will only increase rutile production by an average of 21,000 tonnes over the volume sold by Sierra Rutile in 2014, ensuring the additional volumes can be easily absorbed by the market; Fully-funded: Phase 1 of the Project will be fully-funded through internally generated cash flows and a modest drawdown on the $30 million Nedbank senior term loan facility. A $15 million standby loan facility has also been entered into with Pala Investments to ensure there is no risk of cash tightness during the construction period; Phase 2 optionality: Sierra Rutile has approved Phase 1 of the Project, with a decision with regards to the Phase 2 expansion to be undertaken at Sierra Rutile's future option and subject to supportive market conditions.

Sierra Rutile Limited Reports Operational Results for the First Quarter of 2015

Sierra Rutile Limited reported operational results for the first quarter of 2015. For the quarter, the company record ilmenite production of 12,803 tonnes, an 86% increase on first quarter 2014 production, due to mining operations being in a particularly ilmenite-rich area of Sierra Rutile's deposits. Rutile production of 23,342 tonnes, lower than budget due to high proportion of ilmenite, but remains on target to meet full-year rutile production guidance. 75% of 2015 fuel consumption hedged, locking in low-fuel costs for the year. Zircon Concentrate was 318 tonnes compared to 877 tonnes a year ago.

Sierra Rutile Limited Reports Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014

Sierra Rutile Limited reported audited consolidated earnings results for the full year ended December 31, 2014. For the year, revenue was $117,759,000 against $123,369,000 year ago. Loss before taxation was $8,863,000 against profit of $10,517,000 year ago. Loss for the year was $9,466,000 or $0.018 per basic and diluted share against profit of $9,899,000 or $0.019 per diluted share year ago. Net cash inflow from operating activities was $8,572,000 against $40,742,000 year ago. Purchase of property, plant and equipment was $16,754,000 against $37,367,000 year ago. Purchase of biological assets was $2,911,000 against $2,200,000 a year ago. Purchase of intangible assets was $161,000 against $333,000 year ago. EBITDA was $14.3 million against $35.0 million a year ago. Capital expenditure was $16.7 million against $37.4 million a year ago. The major contribution to the decrease in sales in 2014 over 2013 was the significantly weaker pricing obtained with an average realised price for rutile in 2014 of $818/tonne compared to $1,044/tonne a year ago, partially offset by the 17% increase in volume of product sold. Net debt was $36,436,000 against $26,476,000 year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SRX:LN 22.13 GBp +0.88

SRX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for SRX.
View Industry Companies
 

Industry Analysis

SRX

Industry Average

Valuation SRX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SIERRA RUTILE LTD, please visit www.sierra-rutile.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.