Crooked Timis Used and Dumped ‘Saloneans’
The government of Sierra Leone under the leadership of His Excellency Dr. Ernest Bai Koroma, sometimes this year passed into law ‘’the local content Policy’’
The bill was overwhelmingly supported and endorsed by both members of parliament for the ruling All Peoples Congress (APC) party, the opposition Sierra Leone Peoples Party (SLPP) and representatives of the twelve paramount chiefs in parliament
The essence of the bill was to give way to sierra Leonean indigenes take the front role in business in the country.
On the contrary, this media can authoritatively report that the government of Sierra Leone has joined hands with foreign investors to defeat the course of the local content policy, which was recently enacted into law.
According to our investigation, the London Mining Company went into administration in 2014 during which many Sierra Leoneans were employed by the company. The company later accumulated debts own by local companies to the tune of millions of dollars.
It was also reported that, the government of Sierra Leone secretly helped Timis Mining Company to take over the London Mining Company, a deal which was referred to many nationals as shady deal. The Timis Mining Cooperation is said to have only took over the mine field and equipment but refused to take over the liabilities of London mining
Further report state that Timis Mining Cooperation within six months exported over hundred million dollars’ worth of iron ore. The mine field, our report went on, was eventually closed down, but by then the company was indebted into millions of dollars owe by local contractors and suppliers. The Timis Mining cooperation is also alleged to have owed the government of Sierra Leone huge tax sum of 16 million dollars
It was also alleged to this press that the government has been implicated into another shady deal with shareholders in the Timis Mining Cooperation to form a new mining company called SL Minerals, to take over the mine field of Timis Mining cooperation.
The Timis Mining company, with Frank Timis being the lion stake holder, is alleged to have agreed to withdraw the license of the sand company so as to give way to SL Minerals apply for a new license, which will give them legal right to operate and have no business with local contractors and suppliers owed by the company. Provision which was made by President Ernest Bai Koroma to protest and see that local contractors and suppliers should be paid, have on to date not materialized. Our investigation again disclosed that in the case of African Minerals Limited, where 90% of the debtors were Lebanese nationals, the government ensures that they were paid all their money. In the case of London Mining Company were 90% of the debtors were local indigenes, the Government is allegedly reluctant to pay local contractors and suppliers. What is more frustrating our report state, is the fact that the benefit of local workers on to date has not been paid. This has resulted to serious legal action against the company in both the industrial and civil courts.
The deal between the Government on one side, London Mining Company and that of Timis Mining Company has been referred to by many Sierra Leoneans as a shady deal which is not in the interest of the citizens of this country. The affected persons are calling on the president and all other stake holders to see that the money given by the defunct London Mining Company to contractors, suppliers and former workers of the company are paid without delay.
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