The Minister of Mines, Abubakar Jalloh who was wanted by Parliament to answer to questions yesterday finally made his appearance yesterday, where he stated that Swan field Company was the rightful owner of the NO12 tailings in Kono.
The Minister was needed to make a comprehensive response on the dispute between Nevada and Swan field over the true ownership of the N012 tailings in Kono.
The Parliamentary oversight committee on Mineral Resources was claiming that the N012 tailings were owned by Nevada who left when the war intensified only to return later to meet another company on the mining plot.
The Mines Minister explained that in 1992, Nevada had a claim on the concession of N012 tailings but agreed that when the war intensified the company abandoned the concession and in 2005, Swanfield transferred to the land “the land is still valid for Swanfield” he said.
One of the Mines committee members, Hon Bernadette Lahai of SLPP too explained that by 1992, the Kimberlite concession at N012 was given to one Ziff company but during the war, the land was abandoned and after the war, the company came back and the mines ministry gave them a certain period to do something on the land for which they failed. She said it was as a result of that failure that Koidu Holdings was given the concession.
When the Minister was asked whether he knew for how long Nevada had a claim on the land, he replied he was not aware and continued that there was an intermediary company named Kono Development company who were also given a concession on that land. He continued that the concession was later transferred to Swanfield legitimately for ten years as there was no activity by Nevada on the said land.
The Minister further qualified that Swanfield went through the regulations and Mineral Board to win the concession as he stated the records in the ministry proved that Swanfield was the rightful owner of N012 tailings.
Hon. Yapo Conteh of APC moved that the matter between the said companies over the true ownership of the mining concession be looked in to by a special committee in Parliament