Industrial Minerals


Pala raises takeover offer for Sierra Rutile

03 October 2011

by Mark Watts

Private investor lodges £0.30 a share bid for Sierra Leone minsands group

Keywords: Sierra Rutile, SRL, Pala Investment Holdings, Pala, rutile, zircon, titanium dioxide, TiO2

Pala Investment Holdings has submitted an improved takeover bid for Sierra Rutile Ltd (SRL) after its previous offer was rejected by the mineral sand group’s board.

Pala lodged a £0.30 a share offer – raised from its previous...