Tailings dam concerns may scupper Sierra Rutile takeover – Iluka

Mineral sands miner Iluka’s £215-million acquisition of Sierra Rutile is at risk of failing, owing to geotechnical risks at two tailings dams that form part of the takeover target’s operations in Sierra Leone. Iluka has issued Sierra Rutile a notice of nonfulfillment of the material adverse change condition precedent under the merger implementation agreement.