Brief: Sierra Rutile Says Advised Of Temporary Suspension Of Mining Activities In Area 12

Sierra Rutile Holdings

21/03/2024 01:27

March 21 (Reuters) - Sierra Rutile  SRX.AX :
    * HAS ALSO ADVISED OF TEMPORARY SUSPENSION OF MINING AND
PROCESSING ACTIVITIES IN AREA 12
    * IS CONTINUING TO NEGOTIATE WITH GOVERNMENT OF SIERRA LEONE
    * GOVERNMENT OF SIERRA LEONE SEEKING TO RENEGOTIATE TERMS OF
THIRD
AMENDMENT AGREEMENT BETWEEN SIERRA RUTILE AND GOSL
    * POSITION OF CO REMAINS THAT 3RD AMENDMENT AGREEMENT CANNOT
BE
AMENDED WITHOUT MUTUAL AGREEMENT OF CO
    * SIERRA RUTILE HOLDINGS LTD - GOSL NOW ADVISED NOTICE OF
SUSPENSION DID NOT COMPLY WITH RELEVANT REQUIREMENTS UNDER
APPLICABLE LAW AND REGULATIONS
    * SIERRA RUTILE - GOSL ADVISED SUSPENSION IS IN BREACH OF
LAWS AND
REGULATIONS
    * SIERRA RUTILE -  IS ENGAGING WITH GOSL TO SEEK TO RESOLVE
ISSUE
IN CONJUNCTION WITH BROADER OVERALL NEGOTIATIONS WITH GOSL

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