Sierra Rutile to restart Area 1 operations

ASX-listed Sierra Rutile on Tuesday announced the planned to restart of Area 1 mining operations, pending a contract for additional power generation capacity and assuming that a new fiscal regime would be in place. Earlier this week, the government instructed Sierra Rutile to restart operations at Area 1 by the end of May, claiming that the company had violated the Mines and Minerals Development Act by suspending operations early this year.