Cluff Gold shows commitment to its Sierra Leone project
The Country Manager of Cluff Gold Company Sierra Leone, Alusine Jalloh (in photo) has expressed commitment towards the Sierra Leone project even though they have not yet started producing gold at their Baomahun project at Valunia Chiefdom Bo District Southern Sierra Leone.
The Sierra Leone Baomahun project (Cluff Gold SL) is expected to be the most productive mine in the Cluff Gold plc portfolio in West Africa, Mr. Jalloh said.
He said the Chairman and majority share-holder, Mr. Algy Cluff is very passionate about ‘giving back to the local community’ especially in a sustainable manner with their focus on educational projects a top priority.
Jalloh said “Cluff Gold plc has shown commitment to its Sierra Leone project besides its statutory taxes and financial obligations we have assisted the community in several ways including a major sponsor of the SLIEPA/Ministry of Trade organized investors’ forums in London and Freetown this year.
He explained that the company has also sponsored seven Sierra Leoenan students who are currently pursuing their Masters in mining degree courses in Tarkwa, Ghana, to enhance the capacity of citizens for the top mining positions in almost all the mining companies and also awarded 125 secondary scholarships to seven secondary schools in the company’s area of operations.
He said “we have partnered with a UK-Based organization, Planting Promise, to embark on farming to benefit the local community whose livelihood largely depends on farming and mining.”
He additionally stated that the company recently donated a brand new vehicle to the people of Valunia Chiefdom, Bo District especially to assist in medical evacuation and to convey chiefdom elders to attend to meetings in Bo and Freetown.
He added that they are also currently constructing a police station at Baomahun which will incorporate living quarters as well for police personnel assigned to the area which is expected to be completed by end of March 2012.
According to the Country Manager of Cluff Gold Alusine Jalloh they have provided funds for the construction of a 3-classroom block at Baomahun, repairs to Yele Secondary School Annual Christmas feeding programme to over 2,000 pupils with a complementary salary subsidy to some teachers.
Cluff Gold plc was formed in November 2003 and floated on AIM in December 2004 under the ticker “CLF”. Following a secondary listing on the TSX (under the ticker “CFG”) in February 2009, the Company now enjoys a broad and increasingly international investor base.
The Company generates cash flow from its producing assets, Kalsaka in Burkina Faso, which produces a total of 70,000 ounces of gold per annum. Angovia in Ivory Coast, was also brought into production in 2008 and produced 20,000 ounces of gold in 2010, but was put on care and maintenance in March 2011 due to the political situation in the country. Nonethless, both mines were successfully developed and achieved production within 5 years of the Company’s AIM listing.
The Company strives to become a mid-tier producer through the development of its wholly-owned Baomahun project in Sierra Leone, which is expected to contribute an additional 157,000 ounces of gold per annum, with significant exploration potential along strike. The current resource base, as estimated at 5 Sep 2011, consists of 2.1 million ounces of measured & indicated resource, with an additional 0.9 million ounces of inferred resources.
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