London Mining delivers – endorses inward investors
At the recent SLEIPA organised “Invest in Sierra Leone” conference, His Excellency President Ernest Bai Koroma welcomed respective corporations, government ministers, diplomats, potential investors and all committed to Sierra Leone.
Buttressing President Koroma’s statement, Chief Financial Officer of London Mining, Rachel Rhodes, highly praised the investment climate in Sierra Leone, confirming to the pact full audience that her company will be generating over a billion for government and the country in the next 10 year; a comment that draws a warm round of applause from participants.
Ms. Rhodes announced that the new London Mining mine, at Marampa will begin production within the next two week.
And the company will restart exports after years of inactivity.
“With a purity of 65%, this represents the first export of high quality iron ore from Sierra Leone in 30 years, enabling the country to supply some of the world’s highest quality steel producers,” she said
“London Mining has invested over $210 million in Sierra Leone, as the commencement of a $2 billion (30 year) investment plan in the creation of a world-class iron ore mine at Marampa is practical example.
“Following a strong focus on skills transfer, London Mining now employs 1,200 employees, and all of whom are Sierra Leoneans,” she continued.
“I say proudly that my company London Mining is indeed Investing in Sierra Leone”.
Ms Rhodes thanked stakeholders and therefore told the assembled dignitaries that London Mining’s relationship with the Government of Sierra Leone is a valued partnership.
That the company is fully aware of the fact that it is its policy to treat Sierra Leone well and hope Sierra Leone will reciprocate same.
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