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By Mohamed Jaward Nyallay The Government of Sierra Leone has taken over the assets of Tonkolili Iron Ore Limited (TIO), a subsidiary of Chinese miner, Shandong Iron and Steel. The takeover comes after the government invoked Section 50 of the 2009 Mines and Minerals Act after the company failed to meet its tenancy agreement. The takeover ends a five year stint of the Chinese
By Saio Marrah The Chief Executive officer of the Kingho Investment Compan, Gilbert Zhao, has said that the name of Kingho Investment Company, which is the parent company of Kingho Mining, Railway, and Port Company, has now changed to Leone Rock Metal Group (LRMG) , with the aim of giving it a Sierra Leonean identity. Speaking at their Head Office in Freetown, on Tuesday 19th
By Mohamed Jaward Nyallay Kingho Mining, a subsidiary of the Chinese group Kingho Investment Company Limited, has taken over the Tonkolili Mines after months of tripartite negotiation which involved the Government of Sierra Leone, the Chinese Embassy and the company officials. The takeover was completed at a ceremony held in the northern town of Bumbuna and later at the mining
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Sierra Leone Telegraph: 6 February 2021: Following the publication yesterday of allegations made in parliament this week by the opposition APC party parliamentary leader – Chernor M. Bah, accusing the Bio-led government of secretly permitting the Chinese mining company – Kingho Mining Company Ltd to ship millions of dollars worth of iron ore from the shores of Sierra Leone without parlaiment’s approval, the ministry of mines and mineral resources has responded in a presss statement. Justifying its decision to allow the shipment to go ahead, the ministry of mines says that: “The owners...