Sierra Rutile 2023 Half Year Results Presentation
2023 First Half Operational Highlights
Delivered continued profitability and cashflow to support growth projects
Highlights
Sales
Production
ESG
Sierra Rutile
Volume 58 kt (HY22: 68 kt)
•
Rutile Price $1,457/t (HY22: $1,461/t)
• Solid financial performance notwithstanding weaker
demand seen in the pigment market
•
Increased customer diversification including sales into
China.
Volumes of rutile produced and sold fell by 20% and
15% respectively whilst the average price of rutile
received remained stable.
•
Production 57 kt (HY22: 71 kt)
•
•
Net Costs $1,111/t (HY22: $781/t)
Production losses experienced in June due to power
supply disruptions.
Ongoing cost reduction efforts.
Investment in inventories of intermediate products
over the period (detail on following slide).
.
One of the largest private employers in Sierra Leone,
training and employing over 2,200 local staff.
Founded one of the best-equipped health clinics in the
country.
Rehabilitated ~809 hectares since 2016. On track to
rehabilitate 280Ha for 2023.
LTI frequency rate of 0.58 at 30 June.
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