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The Ministry of Mineral Resources (MMR) in Sierra Leone is responsible for the management of minerals in accordance with the Mines and Minerals Act 2009. [1] Concessions for industrial mining (exploration and large-scale mining) is managed by the Mining Cadastre Office (MCO) in Freetown, while all artisanal mining licenses are managed by the MMR Regional Offices located in Bo, Kenema, Makeni ...
Organised mining began in the 1920s with bauxite first being recorded in 1920 along the Falaba to Waia road. [4] [5] Diamonds were found in the early 1930s, from 1934 to 1956 the Sierra Leone Selection Trust (SLST) held the monopoly for mining, prospecting for and marketing diamonds throughout Sierra Leone.
After the end of the civil war in the Republic of Sierra Leone in 2002 and once the country had joined as a participant of the Kimberly Process Certification Scheme in 2003, Koidu Limited was formed in 2003 and was the first commercial diamond mining company to invest in the development of the resource sector in the Republic of Sierra Leone, focusing initially on the kimberlite deposits at Koidu.
The Sierra Leone Selection Trust was formed in 1934 following an agreement between the government of British Sierra Leone and the Consolidated African Selection Trust Ltd (CAST). CAST was formed in 1924 and was part of a much larger mining finance house Selection Trust Ltd which had been founded in 1913 by Alfred Chester Beatty (an American ...
Mining companies of Sierra Leone (1 C, 1 P) ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The Mines and Minerals Act is a law passed in 1994 in Sierra Leone. It imposed a minimum sentence of 3 years on anyone illegally possessing or smuggling minerals, specifically diamonds as well as authorization to payment to informants up to 40% of the value of the minerals being smuggled.
Pages in category "Mining companies of Sierra Leone" ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
In October 2000, a new UN-approved export certification system for exporting diamonds from Sierra Leone was put into place that led to a dramatic increase in legal exports. In 2001, the Government of Sierra Leone created a mining community development fund, which returns a portion of diamond export taxes to diamond mining communities.