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Africa's largest iron-ore mine restarts.

Operations at Africa's largest iron ore deposit have restarted, bringing hope of employment opportunities and faster economic growth to Sierra Leone.

According to the country's Minister of Mines, Alpha Khan, the Marampa mines, the third-largest iron ore deposit in the world, "will have a tremendous impact, raising $4.1m in direct revenues this year alone and providing over 1,000 jobs". It is forecast that 98% of the entire staff of the mine will be Sierra Leoneans.

"We are going to use the Mines and Mineral Act, which is our Bible, to monitor operations," Khan pledged, saying the treasury would benefit by $1.5m a year on taxes alone. The mine's operators have promised to ramp up the Marampa facility into full production and expand it "effectively, safely, properly and quickly, to the highest standard, with environmental and social responsibility very much to the fore".

Over $80m has been invested in the mine and related buildings, plant, roads and infrastructure, as well as on the expert consultation on ore body and planning Marampa's optimal long-term operations.

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Title Annotation:Resources
Publication:African Business
Article Type:Brief article
Geographic Code:60AFR
Date:Apr 1, 2010
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