The total project cost is estimated at approximately US$450 million over the next 5 years, subject to ongoing studies. IFC’s proposed investment is US$60 million to acquire a 10% equity stake in SRL.
Iluka Resources Limited (“Iluka”) is the project sponsor and 100% shareholder of Sierra Rutile Limited. Iluka is an international mineral sands company with over 60 years of experience in exploration, development, mining, processing, marketing and rehabilitation. The company is headquartered in Perth, Western Australia, and listed on the Australian Stock Exchange (ASX: ILU). Iluka acquired SRL in December 2016.
Iluka Resources Limited (Iluka)
General Manager, Investor Relations / Aminata
+ 61 (0) 450 398 431
240 St Georges Terrace Perth WA 6000
Sierra Rutile Limited (SRL)
Aminata Kamara (Aminatab.email@example.com)
Government Relations Manager
+232 78 44 4072
110 Wilkinson Rd PO Box 59 Freetown Sierra Leone
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/