President Bio Unveils $3.75M Mining Expansion

The initiative, which included the launch of a state-of-the-Art expansion plant and machinery, marks the largest single import of mining equipment in Sierra Leone’s history.

The project, a cornerstone of the Bio administration’s efforts to foster foreign investment and ensure equitable community benefits, underscores the government’s collaboration with mining companies. This partnership aims to ensure that host communities directly benefit financially and developmental projects rewards from mining operations.

As part of the initiative, President Bio distributed SLE 83.7 million (approximately $3.7 million) to the residents of Marampa and Maforki Chiefdoms. This funding, designated as a Community Development Fund, fulfills obligations outlined in the corporate mining agreement between the Government of Sierra Leone and Marampa Mines Limited.

Speaking at the commissioning ceremony, President Bio emphasized the significance of the project. “This expansion demonstrates our commitment to creating opportunities for our people while attracting critical foreign investment to Sierra Leone. The funds distributed represent a promise kept to our communities, ensuring that they are not left behind in the nation’s progress,” he said.

The newly launched mining plant and machinery are expected to enhance production capacity and position Sierra Leone as a key player in the global mining sector. The investment also highlights Marampa Mines Limited’s commitment to its Social Corporate Responsibilities, directly benefiting local communities through financial and infrastructural development.

Community leaders in attendance expressed gratitude for the government’s role in ensuring that the mining company honored its commitments. “This fund will enable us to address pressing local needs, from education to healthcare,” said a representative from Maforki Chiefdom.

The Bio-led government continues to prioritize the strategic alignment of the mining sector with national development goals, ensuring that foreign investments translate into tangible benefits for all Sierra Leoneans.

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