Unsustainable Sierra Rutile to be suspended

AFTER five years of struggle, mineral sands miner Iluka Resources has almost reached the end of its tether with its perennially underperforming Sierra Rutile business in Sierra Leone.

Unsustainable Sierra Rutile to be suspended Unsustainable Sierra Rutile to be suspended Unsustainable Sierra Rutile to be suspended Unsustainable Sierra Rutile to be suspended Unsustainable Sierra Rutile to be suspended

Sierra Rutile has struggled for several years

Iluka, which spent US$330 million to takeover Sierra Rutile in 2016, and has previously written down the value of the business to a fraction of that, has decided to suspend operations in six months

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