- Write by:
-
Saturday, August 3, 2019 - 11:14:51 AM
-
965 Visit
-
Print
Mining News Pro - The government of Sierra Leone has cancelled or suspended the licences of several big mining projects, including the Tonkolili and Marampa iron ore mines, the Financial Times reported on Friday.
Major companies operating in Sierra Leone include China’s Shandong Iron and Steel, which owns the Tonkolili iron ore project. Gerald Group owns the Marampa mines.
Tonkolili has challenged the decision in the country’s high court, arguing the grounds to justify the cancellation of its licences were invalid as it had paid all its fees and royalties, the FT said.
London-headquartered Gerald Group said: “We can confirm that a temporary operating suspension imposed by the Minister of Mines (MoM) expired on the 24 July 2019, following which the MoM requested that we do not export material until they review compliance with our mining license agreement with the NMA (National Minerals Agency)”.
Sierra Leone’s President Julius Maada Bio, since his election last year, has been reviewing mining contracts and considering changes to the law that would ensure the West African nation benefits from its natural resources.
The Minister of Mines and Sierra Leone’s new mining minister Foday Rado Yokie did not immediately respond to emailed requests for comment, while Shandong could not immediately be reached.
Short Link:
https://www.miningnews.ir/En/News/406325
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the ...
Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the ...
Indonesia’s nickel reserves are sufficient for expanded processing operations, an investment ministry official said on ...
A Brazilian federal court rejected a request made by the country’s solicitor general’s office asking that miners Vale, ...
No comments have been posted yet ...