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Sierra Rutile Limited  -  SRX   

Appointment of New Chief Marketing Officer

Released 07:00 17-Jan-2013

RNS Number : 7361V
Sierra Rutile Limited
17 January 2013

Sierra Rutile Limited

Strengthens Sales Team with Appointment of

New Chief Marketing Officer


London, UK, 17 January 2013: Sierra Rutile Limited (AIM:SRX) ("Sierra Rutile") is pleased to announce the appointment of Derek Folmer to the role of Chief Marketing Officer. Mr Folmer, whose appointment will take effect from 15 April 2013, will be responsible for managing all aspects of Sierra Rutile's sales and marketing activities.


Mr Folmer joins Sierra Rutile from Rio Tinto, where he held the position of General Manager - Rutile & Zircon, responsible for global sales of rutile and zircon produced by Richards Bay Mining and QIT Madagascar Minerals. Prior to this he held various sales and marketing management positions within Rio Tinto focussing on titanium dioxide feedstocks.


Mr Folmer has a strong track record of developing and implementing global marketing strategies and has substantial experience and knowledge of key markets in North America, Europe and Asia, particularly in China.


John Sisay, Chief Executive Officer of Sierra Rutile said:


"It gives me great pleasure to welcome Derek to Sierra Rutile. His experience and expertise in developing effective marketing strategies will support Sierra Rutile to maximize the value of the full range of products produced from our world-class asset in Sierra Leone and further enhance our position as a leading producer of premium-grade rutile."   


For Further Information:

Sierra Rutile Limited

Yves Ilunga, Chief Financial Officer



+44 (0)20 7074 1800

RBC Capital Markets

Nominated Adviser and Joint Corporate Broker

Martin Eales / Jonathan Hardy



+44 (0)20 7653 4000

Mirabaud Securities

Joint Corporate Broker

Peter Krens



+44 (0)20 7321 2508

Kreab Gavin Anderson

Andy Jones/ Anthony Hughes


+44 (0)20 7074 1800



Notes to Editors


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 600 million tonnes (as at February 2011).



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Appointment of New Chief Marketing Officer - RNS