Jean-Raymond Boulle Pierre Boulle Cecile Boulle Annaleen Boulle: Tita... http://boullevortal.com/titanium_resources_group.

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Jean-Raymond Boulle
Corporations: Titanium
Titanium Resources Group Resources says Sierra
Leone risk has fallen

LONDON (Reuters) -
Titanium Resources Group
said investors were less
Alize Beach concerned than a few years
Cottage ago about investing money
in Sierra
Biometric-Holdings LONDON (Reuters) - Titanium Resources Group said investors were
» read more
less concerned than a few years ago about investing money in Sierra
Boulle
Leone, after the mining firm moved to issue new shares to boost Titanium Resources Group
Ltd: Placing to raise
Boulle Companies output in the West African country.
approximately US$25.0
» Boulle Construction The company said on Monday it conditionally placed 151 million shares Million

» Art Boulle to raise about $25 million to increase production and processing Titanium Resources Group
capacity at its Sierra Rutile mine. Ltd
» Maxime Boulle Co. www.titaniumresources.com
» Almon, Boulle & But chief executive John Sisay told Reuters the group's production of Placing to raise
approximately US$25.0
Cherry Consultants rutile -- mainly used to make the titanium dioxide pigment in paints, Million (£15.1 Million)
» JR Boulle 7th paper, plastics and pharmaceuticals -- will be lower than anticipated
» read more
U.S.-Africa Summit this year.
"In this fundraising there wasn't so much concern about country risks NEWS: JR Boulle
» JR Boulle
Companies, Corporate
Corporations as there was before. It wasn't such a huge deal as it was three-four Council on Africa 2009:
years ago," Sisay said. The Newsletter
» Jean Raymond
Boulle Corporations "CCA has concluded what
Sierra Leone emerged from a decade of civil war in 2002 and has
many call our best summit
» Titanium stepped up efforts to combat corruption. ever. I can’t be sure. Each
Resources Group summit with which I have
"I don't think there are any major issues left over from the civil war been associated has had its
Boulle History & that threaten stability," said Sisay.
Curiosity » read more
At 1213 GMT, Titanium Resources shares were down 12.2 percent at
Boulle World Wide #News Jean-Raymond
10.525 pence, just above the 10 pence at which the company will place
Boulle Corporations: Mark
Boulle the new stock, which represented a 22.5 percent discount to Friday's Button joins Titanium
International Resources Group as COO
closing price.
Conflict Mediation Sisay said new funds accounted for about 65 percent of the placing. Mark Button joins Titanium
Resources Group as COO 9
Cup of Vinegar The company expects to produce 65,000 tonnes in 2009, down from November 2009: Titanium
Resources Group (“TRG” or
the 75,000 tonnes previously forecast, partly due to lower grades.
Investors Europe “the Company”)
Still, it anticipates breaking even this year and moving to a cash profit
Jean Raymond next year, Sisay said. » read more
Boulle
PLACING PROCEEDS Jean-Raymond Boulle -
investometer Sunday Times Online
About $20 million of the placing's proceeds will be used to construct
Links to Friends RESULTS FOR 2008
D3, a third dredge which the company estimates will add 30,000 Ranking: 270Worth:
Exchange Links tonnes a year of rutile production in its first full year of operation in £300mSource of wealth:
Diamonds A British citizen,
2011. Monaco-based Boulle made
Ecole Boulle
£300m from the
D3, which has a capacity of around 40,000 tonnes, is anticipated to
add a further 4,000-6,000 tonnes in 2012. » read more

The AIM-listed company scaled down operations after dredge D2 Melonie Kastman and the
capsized in 2008. It has recovered about $3.5 million of a $40 million Forgotten Diamonds
Literacy Program, Sierra
claim from one of its insurers and is going to mediation in January to Leone
try to get the remaining amount.
Sierra Leone ranks as the
It will consider what action to take with D2, which was capable of poorest country in the world
by the UNDP, and is
producing about 100,000 tonnes a year, once the issue is resolved. continuing its recovery from
The group has sold its 2009 and 2010 production in advance and is one of the most

negotiating prices for 2010 which it hopes will show a 5-8 percent » read more
improvement on 2009.

1 of 2 17-11-2009 09:27
Jean-Raymond Boulle Pierre Boulle Cecile Boulle Annaleen Boulle: Tita... http://boullevortal.com/titanium_resources_group.html#

Prices for rutile, which requires less processing that other titanium
dioxide ingredients such as ilmenite, have been steady this year
compared with 2008.
The company has just broken into the Chinese market, where it
expects demand to continue to grow, and has seen rising demand for
industrial grade material used by the welding market.
Source: http://af.reuters.com/article
/idAFJOE5AF0IZ20091116?pageNumber=2&virtualBrandChannel=0&
sp=true

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