Jan Castro, the non-Executive Chairman of Sierra Rutile, an AIM-listed producer of titanium feedstock industrial minerals, bought 113,750 ordinary shares just two weeks after the group posted a 39 per cent increase in total rutile production for the year.

The shares, which were of no par value, were priced at 60p each, costing the director £68,250 in total.

It followed a similar transaction on January 11th when he purchased 460,000 shares at 53p per share. He currently holds 1.46m shares in the group, equal to 0.28% of the issued share capital.

Fourth quarter rutile production totalled 25,502 tonnes, giving a full-year figure of 94,493 tonnes, while ilmenite production came in at 6,378 tonnes in the fourth quarter and 22,008 tonnes for the full year.

The company's share price has risen more than 21% in the past month, equal to 12p.


Top Director Buys

Rotala (ROL)
Director name: Mr John Gunn
Amount purchased: 250,000 @ 43.00p
Value: £107,500

Sierra Rutile Ltd (SRX)
Director name: Mr Jan Alex Castro
Amount purchased: 113,750 @ 60.00p
Value: £68,250

Mothercare (MTC)
Director name: Mr Simon Calver
Amount purchased: 18,310 @ 325.25p
Value: £59,553

Andes Energia (AEN)
Director name: Mr Rudolph Berends
Amount purchased: 179,628 @ 31.13p
Value: £55,918

Jersey Electricity 'A' Shares (JEL)
Director name: Mr Christopher Ambler
Amount purchased: 4,905 @ 285.00p
Value: £13,979

Jersey Electricity 'A' Shares (JEL)
Director name: Mr Martin Magee
Amount purchased: 4,084 @ 285.00p
Value: £11,639

Jersey Electricity 'A' Shares (JEL)
Director name: Mr Richard Alan Plaster
Amount purchased: 3,875 @ 285.00p
Value: £11,044

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