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Sep 20, 2019· SL Mining, a subsidiary of US commodity trader Gerald Group, is reportedly planning to halt operations as early as next week to help it offset the impact of Sierra Leone's ban on exports from ...
Sep 20, 2019· SL Mining, a subsidiary of U.S. commodity trader Gerald Group, will suspend iron ore mining operations in Sierra Leone over a dispute with the government about royalty payments, a company letter ...
In many West African countries such as Sierra Leone, Guinea and Liberia, the future of some large iron ore projects, under development for the last five years, is looking uncertain. These projects were conceived when iron ore prices were at historical heights, and officials and citizens alike foresaw transformational development outcomes.
By Cooper Inveen FREETOWN, Sept 20 (Reuters) - SL Mining, a subsidiary of U.S. commodity trader Gerald Group, will suspend iron ore mining operations in Sierra Leone over a dispute with the government about royalty payments, a company letter seen by Reuters showed on Friday.
SL Mining began marketing and shipping premium grade >65% iron ore concentrate in June and July this year from the Marampa Project. The government of Sierra Leone is accusing the company of breach of contract and reneging on its financial obligation to the government, including non-payment of royalties, a claim the company denies.
Craig Dean, Chairman of Gerald Group and SL Mining, said: "This is a proud day and a key milestone for SL Mining, and for our employees and contractors who have been working on this complex project to restore production of iron ore at the Marampa mine, alongside local communities and the Government of Sierra Leone.
News of first production of iron ore in Sierra Leone and a $45m loan from commodity trader Vitol made as pre-payment for future output helped lift shares in London Mining as .
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 .
African Minerals, London Mining and the fall of Sierra Leone's iron ore sector What a difference a year makes. Twelve months ago Sierra Leone was the world's sixth-largest iron ore exporter to China,with its nascent iron ore industry and related services accounting for around 30% of the country's GDP.
Jun 20, 2019· Sierra Leone's Minister of Mines and Minerals, Rado Yokie said that iron ore exports had been dormant for four years: "Today is a historic day," said Mr. Yokie. "As Marampa Blue is a very high ...
Gerald Group subsidiary SL Mining has halted iron ore exports from Sierra Leone's Marampa mine to comply with a request from the new mining ministry, which is reviewing the terms of the current license agreement, Gerald told Fastmarkets on Friday August 2.
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.
Sierra Leone's Minister of Mines and Minerals, Rado Yokie said that iron ore exports had been dormant for four years: "Today is a historic day," said Mr. Yokie.
Baoma Mining Community is a reliable and trusted iron ore Suppliers, wholesaler in Sierra Leone. We know the value of authenticity and thus always offer products in their purest form. We never degrade our quality in any situation and always follow business ethics. Features. We produce best quality iron ore with its best chemical properties. Our ...
Feb 20, 2019· SL Mining, a limited liability company incorporated in Sierra Leone, is a wholly owned subsidiary of Gerald Group engaged in the exploration, development and production of iron ore concentrate at Marampa in the Port Loko District, the northern province of Sierra Leone.
SL Mining, a subsidiary of US commodity trader Gerald Group, will suspend iron ore mining operations in Sierra Leone over a dispute with the government about royalty payments, a company letter ...
Oct 10, 2019· The 30-day Shandong Steel minimum shutdown of all mining activities including mining, hauling, processing and transshipping of iron ore within and outside Tonkolili district, led to .
As the government last week cancelled the license of Gerald Metals, Cape Lambert which had a license to mine the oxidized ore in 2014 is now seeking to reapply for a new license. This new move seems to be connected with the improvement of the price of Iron Ore which had dropped to below $40 [.]
Sierra Leone Telegraph: 20 September 2019: After weeks of uncertainty, following the Sierra Leone government's decision to ban the exporting of iron ore by Sierra Leone Mining Ltd., the company says that despite an international court order for the government to lift its ban, the ministry of mines is unmoved. The company now says that.
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 ...
Gerald Group subsidiary SL Mining has halted iron ore exports from Sierra Leone's Marampa mine to comply with a request from the new mining ministry, which is reviewing the terms of the current license agreement, Gerald told Fastmarkets on Friday August 2.
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...
LONDON MINING DESTROYING SIERRA LEONE'S ECONOMY. Reference to the above, we write on behalf of the ordinary people of Sierra Leone to draw public attention to attempts by London Mining Company Limited and the French company Bollore to undermine the .
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.
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