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Iron ore accounted for over 50% of total exports in 2013 and 2014 and 40% of government revenue from the mining sector, so the recommencement at Tonkolili will give a boost to Sierra Leone's balance-of-payments position and public finances, although this will be partially offset by low iron ore prices.
The dingdong affair between the iron ore miner SL Mining and the Ministry of Mines and Mineral Resources continues unabated. The company, which is owned by the US-based Gerald Group, operates the Marampa Mines in Lunsar in northern Sierra Leone and was slammed a 21-day suspension for various alleged breaches, including contravening provisions of the Mines and Minerals Act of 2009.
Jan 28, 2018· A Sierra Leonean company, Tonkolili Iron Ore (SL) Ltd and its former parent company in England, African Minerals Ltd, have been sued by 142 Sierra Leoneans in a court in England for complicity in human rights violations in northern Sierra Leone. .
Oct 11, 2019· The government of Sierra Leone's recent termination of mining lease agreements with two iron ore mining companies, namely SL Mining, a Gerald Group wholly owned subsidiary and the Chinese miner, Shandong Mining Company, over disputed royalty payments and non-compliance with the nation's mining ...
Billionaire Frank Timis's failed iron ore miner African Minerals is locked in a $700 million (£560 million) legal battle with its former Chinese partner in Sierra Leone, the Standard can reveal.
Tonkolili Iron Ore lawsuit (re complicity in violence against villagers in Sierra Leone) On 30 November 2015, the law firm Leigh Day filed a lawsuit in the UK High Court on behalf of 142 villagers against the mining firm Tonkolili Iron Ore Ltd and its parent company African Minerals, alleging complicity in police crackdowns in Sierra Leone in 2010 and 2012.
Feb 07, 2018· Children in the village of Bumbuna, in northern Sierra Leone, which is at the centre of a civil case brought by 142 people against Tonkolili Iron Ore Ltd. Photograph: Leigh Day/PA A British court ...
Dec 27, 2014· UK-based African Minerals (AML) through its subsidiary Tonkolili Iron Ore, is developing the Tonkolili iron ore mine in Sierra Leone, West Africa. The project, involving a fully integrated mine, rail and port infrastructure, is planned to be developed in three phases. Mining lease for the project was approved in August 2010 and the first phase
The mining industry of Sierra Leone accounted for 4.5 percent of the country's GDP in 2007 and minerals made up 79 percent of total export revenue with diamonds accounting for 46 percent of export revenue in 2008. The main minerals mined in Sierra Leone are diamonds, rutile, bauxite, gold, iron and limonite.. Mining in Sierra Leone has been seen as one of the key factors for instability in the ...
Feb 08, 2017· According to Fitch-affiliated market analyst BMI Research, the intended investment of US$700 million in an iron ore processing plant in Sierra Leone by Chinese state-owned mining company Shandong Iron and Steel signals the country's long-term commitment to mining in Africa. Chinese state-owned ...
for iron ore mining. Sierra Leone's recent economic growth has been spurred by mining of iron ore and oil exploration, spiking GDP growth at 15.2% in 2012 (compared to an average growth of 4.6% between 2008–2011). Iron ore production started in 2011 by small, high-risk foreign mining companies with no prior experience in this sector.
Jul 13, 2019· This case is the latest in a series of legal challenges faced by Shandong since it assumed the Tonkolili Iron Ore investment from AML in 2016. AML, which was issued a mining license in 2010, was at the heart of Sierra Leone's landmark comeback in the mining sector following its eleven years' civil war that halted mining activities.
Sierra Leone Telegraph: 21 June 2019: The government of Sierra Leone can once again begin to breathe a sigh of relief, following the announcement by SL Mining Limited - a wholly owned subsidiary of Gerald Group, that its first shipment of iron ore concentrate - branded 'Marampa Blue' .
Home Featured Why Sierra Leone's mining industry requires a robust ... Tonkolili district in northern Sierra Leone holds one of the biggest iron ore deposits in the world and its inhabitants are struggling to come to terms with the destruction that accompanies its exploitation. ... The Chinese-government company Shandong Iron and Steel Ltd ...
The $700-million planned injection by Chinese State-owned mining company Shandong Iron and Steel into an iron-ore processing plant at the Tonkolili mine, in Sierra Leone, has further cemented the ...
Aug 02, 2019· The government of Sierra Leone has cancelled or suspended the licences of several big mining projects, including the Tonkolili and Marampa iron ore .
the Government of Sierra Leone and the Sierra Leone Development Company Limited to Regulate the Mining of the Iron Ore Deposits and other Minerals and Metals in the Tonkolili Area of the Protectorate. [lsT OcTOBER, 1933.] WHEREAS an agreement was made on the sixteenth day of April, 1937, between the Crown Agents for the Colonies on
May 06, 2015· Shandong restarts the Tonkolili Iron Ore Project ... described the recommencement of mining operations by Shandong as a positive turning point in the country's quest for economic development. ... there is guarantee that the company will make huge contribution to the economic development of Sierra Leone.
Nov 21, 2019· The $700-million planned injection by Chinese State-owned mining company Shandong Iron and Steel into an iron-ore processing plant at the Tonkolili mine, in Sierra Leone.
JOHANNESBURG (miningweekly) – Production from iron-ore developer African Minerals' Tonkolili operation, in Sierra Leone, was expected to stabilise at 20-million tons a year during 2014...
While some skeptics are still questioning the quality and quantity of the Sierra Leone's iron ore, the Chinese Government; leaders of the world's current economic growth, believe in the quality investment of AML and the extent of the mining infrastructure, decided to partner with the government and few Sierra Leoneans, like Mr. Fadika to ...
Jan 02, 2018· No one really knows when the dawn is about to break, and for investors in Sierra Leone's mining sector, it's only getting darker out there. Recent weeks have brought news of mismanagement, assault, creative accounting and fleeing investors from the Marampa iron-ore project in Sierra Leone. There, Gerald Metals, a US-based commodities group ...
The "project companies" are currently owned 75% by African Minerals and 25% by Shandong Iron and Steel Group, except for the infrastructure company, African Rail and Port Services Ltd., which is owned 75% by African Minerals and 25% by Shandong, with the government of Sierra Leone having the right to a 10% free carried interest from African ...
Sierra Leone has cancelled its mining agreement with the Chinese iron ore mining company – Shandong Minerals Ltd, because of serious breaches by the company. Iron ore was Sierra Leone's largest single export revenue earner. But production slumped in 2015 when global prices of minerals fell.
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