Editor's Pick: Markets: The week that was (16-20/11/09)

(TXR.L) Titanium Resources Group Ltd Buy/Sell

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Summary

Current Market Information

Time: 06:05 (Market Closed)

Bid	10.75
Ask	11.00
Price	10.88
Previous	11.00
Change	+0 (0.0000%)
Last Trade	11 (16:30:09)
Trading Vol.	65,710
Today's High	10.75
Today's Low	10.75

52 Wk Low	2.91
52 Wk Low	(12/03/2009)
52 Wk High	20.00
52 Wk High	(14/10/2009)
52 Wk Change	-4.00
52 Wk Change	(-26.67%)
4 Wk Volume	4,901,786
ISIN Number	VGG889921059
Currency	GBX

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Recent News
Date/Time	Headline	Source
16-11-09	Titanium Resources - Replacement Placing to raise approx US$25.0 m	RNS
RNS Number : 5447C Titanium Resources Group Ltd 16 November 2009 The following replaces the Placing Announcement released at 07:05 under RNS Number 5437C The word "investors" has been added to the final sentence of the first paragraph after "from" Titanium Resources Group Ltd Placing to raise approximately US$25.0 Million (£15.1 Million) 16 November 2009: Titanium Resources Group Ltd ("TRG" or the "Company"), operator of one of the world's largest natural rutile deposits, is pleased to announce that it has conditionally placed 151,200,000 new ordinary shares (the "Placing Shares") at a price of 10 pence per share to raise approximately US$25.0 million (gross) (£15.1 million) from investors (the "Placing"). It is intended that the net proceeds of the Placing will be used to fund projects intended to increase production and processing capacity at the Company's Sierra Rutile Mine as follows: APPROXIMATELY US$20 MILLION WILL BE USED TO COMPLETE THE CONSTRUCTION OF DREDGE D3, WHICH THE COMPANY ESTIMATES WILL ADD 30,000 TONNES PER ANNUM OF RUTILE PRODUCTION IN ITS FIRST FULL YEAR OF OPERATION. THE COMPANY ESTIMATES THAT IT WILL TAKE APPROXIMATELY 12 MONTHS TO COMPLETE AND COMMISSION DREDGE D3; APPROXIMATELY US$2 MILLION WILL BE INVESTED IN UPGRADING DREDGE D1 WET PLANT PROCESSING EQUIPMENT TO INCREASE RUTILE RECOVERY BY APPROXIMATELY 5,000 TONNES PER ANNUM AND ILMENITE RECOVERY BY APPROXIMATELY 1,000 TONNES PER ANNUM. THESE WORKS ARE EXPECTED TO TAKE APPROXIMATELY 12 MONTHS TO COMPLETE; AND THE REMAINING PROCEEDS WILL BE USED TOWARDS COMPLETING AN UPGRADE OF THE COMPANY'S LAND PLANTS, WITH THE AIM OF INCREASING THE PLANT'S PROCESSING CAPACITY TO UP TO 280,000 TONNES PER ANNUM. Placing Shares have been conditionally placed with institutional and other investors in the UK and Europe by Arbuthnot Securities Limited and Mirabaud Securities LLP and in the US by Auerbach Grayson & Company (Arbuthnot's US affiliate). The conditional placing in the US is being effected under the safe-harbour provisions of Rule 144A. An application has been made to London Stock Exchange plc, for the Placing Shares to be admitted to trading on AIM ("Admission"). The Placing is conditional on, inter alia, Admission becoming effective, which is expected to occur on 19 November 2009. The Placing Shares will rank pari passu in all respects with the Company's existing ordinary shares in issue. The Placing Shares will represent 39 per cent. of the Company's enlarged issued share capital. Following Admission, the Company expects to have 385,864,075 Ordinary Shares in issue. Outlook The Board is confident that the Company is on track to achieve targeted production of 65,000 tonnes of rutile and 8,000 tonnes of zircon concentrate in the year to 31 December 2009. Rutile production is expected to increase in 2010 as a result of increased volumes following the recent replacement of the bucket line on Dredge D1 which continues to mine higher grade areas of the deposit. The commissioning of Dredge D3 will enable the Company to increase the utilisation of existing infrastructure at Sierra Rutile. When combined with the anticipated increased production from D1 these measures, once operational, should provide a healthy cashflow to the Company. John Sisay, TRG's Chief Executive Officer, commented: "The funds raised will assist us in delivering the strategy set out in the Company's interim results to increase production levels at Sierra Rutile. We are focussed on realising the significant value that exists in the Company given the infrastructure currently in place and the world class nature of the Sierra Rutile deposit." ENQUIRIES: Titanium Resources Limited John Sisay, Chief Executive Walter Kansteiner, Non-executive Chairman Tel: +44 (0) 207 321 0000 Arbuthnot Securities Limited Nominated Adviser & Lead Broker to the Placing John Prior / Ed Burbidge Tel: +44 (0) 20 7012 2000 Mirabaud Securities LLP Joint Broker to the Placing Peter Krens Tel: +44 (0) 20 7409 3494 Aura Financial Michael Oke / Andy Mills Tel: +44 (0) 207 321 0000 Titanium Resources Group Ltd Titanium Resources Group Ltd operates the Sierra Rutile mine in the Republic of Sierra Leone through its subsidiary Sierra Rutile Limited and produces rutile and ilmenite for use in industrial applications. This information is provided by RNS The company news service from the London Stock Exchange END IOEFFFSWMSUSEDF More
16-11-09	BRIEF-Titanium Resources to raise $25.0 mln in placing	AFX UK Focus
LONDON, Nov 16 (Reuters) - Titanium Resources Group Ltd: PLACING TO RAISE APPROXIMATELY US$25.0 MILLION PLACED 151,200,000 NEW ORDINARY SHARES AT A PRICE OF 10 PENCE PER SHARE ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
16-11-09	Titanium Resources - Placing to raise approximately US$25.0 Million	RNS
RNS Number : 5437C Titanium Resources Group Ltd 16 November 2009 Titanium Resources Group Ltd Placing to raise approximately US$25.0 Million (£15.1 Million) 16 November 2009: Titanium Resources Group Ltd ("TRG" or the "Company"), operator of one of the world's largest natural rutile deposits, is pleased to announce that it has conditionally placed 151,200,000 new ordinary shares (the "Placing Shares") at a price of 10 pence per share to raise approximately US$25.0 million (gross) (£15.1 million) from (the "Placing"). It is intended that the net proceeds of the Placing will be used to fund projects intended to increase production and processing capacity at the Company's Sierra Rutile Mine as follows: APPROXIMATELY US$20 MILLION WILL BE USED TO COMPLETE THE CONSTRUCTION OF DREDGE D3, WHICH THE COMPANY ESTIMATES WILL ADD 30,000 TONNES PER ANNUM OF RUTILE PRODUCTION IN ITS FIRST FULL YEAR OF OPERATION. THE COMPANY ESTIMATES THAT IT WILL TAKE APPROXIMATELY 12 MONTHS TO COMPLETE AND COMMISSION DREDGE D3; APPROXIMATELY US$2 MILLION WILL BE INVESTED IN UPGRADING DREDGE D1 WET PLANT PROCESSING EQUIPMENT TO INCREASE RUTILE RECOVERY BY APPROXIMATELY 5,000 TONNES PER ANNUM AND ILMENITE RECOVERY BY APPROXIMATELY 1,000 TONNES PER ANNUM. THESE WORKS ARE EXPECTED TO TAKE APPROXIMATELY 12 MONTHS TO COMPLETE; AND THE REMAINING PROCEEDS WILL BE USED TOWARDS COMPLETING AN UPGRADE OF THE COMPANY'S LAND PLANTS, WITH THE AIM OF INCREASING THE PLANT'S PROCESSING CAPACITY TO UP TO 280,000 TONNES PER ANNUM. Placing Shares have been conditionally placed with institutional and other investors in the UK and Europe by Arbuthnot Securities Limited and Mirabaud Securities LLP and in the US by Auerbach Grayson & Company (Arbuthnot's US affiliate). The conditional placing in the US is being effected under the safe-harbour provisions of Rule 144A. An application has been made to London Stock Exchange plc, for the Placing Shares to be admitted to trading on AIM ("Admission"). The Placing is conditional on, inter alia, Admission becoming effective, which is expected to occur on 19 November 2009. The Placing Shares will rank pari passu in all respects with the Company's existing ordinary shares in issue. The Placing Shares will represent 39 per cent. of the Company's enlarged issued share capital. Following Admission, the Company expects to have 385,864,075 Ordinary Shares in issue. Outlook The Board is confident that the Company is on track to achieve targeted production of 65,000 tonnes of rutile and 8,000 tonnes of zircon concentrate in the year to 31 December 2009. Rutile production is expected to increase in 2010 as a result of increased volumes following the recent replacement of the bucket line on Dredge D1 which continues to mine higher grade areas of the deposit. The commissioning of Dredge D3 will enable the Company to increase the utilisation of existing infrastructure at Sierra Rutile. When combined with the anticipated increased production from D1 these measures, once operational, should provide a healthy cashflow to the Company. John Sisay, TRG's Chief Executive Officer, commented: "The funds raised will assist us in delivering the strategy set out in the Company's interim results to increase production levels at Sierra Rutile. We are focussed on realising the significant value that exists in the Company given the infrastructure currently in place and the world class nature of the Sierra Rutile deposit." ENQUIRIES: `Titanium Resources Group Ltd +44 (0)20 7321 0000` John Sisay, Chief Executive Walter Kansteiner, Non-executive Chairman `Arbuthnot Securities Limited +44 (0)20 7012 2000` Nominated Adviser & Lead Broker to the Placing John Prior Ed Burbidge `Mirabaud Securities LLP +44 (0)20 7409 3494` Joint Broker to the Placing Peter Krens `Aura Financial LLP +44 (0)20 7321 0000` Michael Oke / Andy Mills Titanium Resources Group Ltd Titanium Resources Group Ltd operates the Sierra Rutile mine in the Republic of Sierra Leone through its subsidiary Sierra Rutile Limited and produces rutile and ilmenite for use in industrial applications. This information is provided by RNS The company news service from the London Stock Exchange END IOEIIFERLALRLIA More
09-11-09	BRIEF-Titanium Resources appoints Mark Button as COO	AFX UK Focus
LONDON, Nov 9 (Reuters) - Titanium Resources Group Ltd: APPOINTS MARK BUTTON AS CHIEF OPERATING OFFICER ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More

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Date/Time	Subject	Author
Wed 17:41	Re: Kenmare	notalf


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	still paying attention notalf? good http://www.proactiveinvestors.co.uk/companies/news/10336/kenmare-resources-says-production-at-moma-titanium-minerals-mine-improving-further-in-third-quarter-10336.html More \| View thread (5) \| Respond \| Login to Vote up \| Login to Vote down
Wed 13:24	New Era	notalf


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	you paying attention notalf? lol http://www.cocorioko.net/national/1910-mines-minister-alpha-kanu-launches-mines-and-minerals-bill-2009-qa-new-era-for-minerals-development-in-sierra-leone-q More \| View thread (1) \| Respond \| Login to Vote up \| Login to Vote down
Tue 23:05	Re: Bill passed	notalf


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	the draft bill has advantages http://www.christianaid.org.uk/Images/sierra-leone-at-the-crossroads.pdf The Act also provides several favourable conditions for mining companies, but which are consistent with mining laws in other African countries: • Royalties paid are considered an ‘operating cost’ of the company and are a deductible expense in calculating income taxes (Section 96, para 5). • A zero per cent import duty is applied on machinery, plant and other equipment intended for prospecting and exploration (Section 106). • All ‘outgoings and expenses’ of the companies are deductible against tax provided that head office expenses do not exceed 1.5 per cent of sales (Section 103). • Companies are able to repatriate 100 per cent of profits In addition to the 1996 Act, several other Acts embody legislation on the fiscal terms of mining companies, principally the Income Tax Act of 200016 and the Customs Act and Customs Tariff Act (for import, customs and excise duties). The Income Tax Act set the corporate income rate (for all companies, including mining companies) at 37.5 per cent, but this rate was reduced for mining companies in 2003 to 30 per cent. This Act also: • Allows mining companies to offset 100 per cent of their capital expenditures against tax in their start-up phase, that is for prospecting and exploration (Sixth schedule, section 2). Once mining companies are in development, they have a first-year capital allowance of 40 per cent followed by 20 per cent in the three subsequent years. • Allows companies to carry forward losses in any one year and offset them against tax in subsequent years (Sixth schedule, section 5). These concessions are, again, consistent with those provided to companies in most other African countries. However, as we will see later, the key issue is that the government has signed individual mining agreements with some companies, giving them a much deeper set of tax concessions. This means that there is inconsistency across the mining sector and a distinctly un-level playing field More \| View thread (2) \| Respond \| Login to Vote up \| Login to Vote down
Tue 22:42	Bill passed	notalf


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	have sent an email to clarify this link Officials are now reviewing the country's deal with Sierra Rutile, owned by AIM-listed Titanium Resources Group, which mines the world's third largest deposit of rutile, used in paint pigment and toothpaste, Carew added http://www.forbes.com/feeds/reuters/2009/11/17/2009-11-17T211717Z_01_N1753781_RTRIDST_0_SIERRALEONE-MINING-BILL-UPDATE-1.html More \| View thread (2) \| Respond \| Login to Vote up \| Login to Vote down

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