The Managing Director of London Mining Company Limited David Kaile has said that London Mining is one of the largest mining companies operating in Sierra Leone and is ready to re-establish a productive and profitable iron mining sector in the country by constructing a jetty and also creating job opportunities for locals.
The Managing Director explained that a jetty will be constructed that will also be used by the locals with an additional Iron Ore beneficiating plant at Marampa, installation of new electric power generation, water supply maintenance and ancillary will be added to the present facilities to maximize production before 2010.
He assured that every preparation has been made and a final logistical arrangement for the use of the railway and port as London Mining is ready to rehabilitate the infrastructure immediately to restart mining operations with first Iron Ore export expected soon.
The Company has been involved in the Marampa project since December 2005 and is currently in the process of restarting mining operations at Marampa.DELCO Mining company mined in the area from 1935-2975 and by another operator from 1982-85.
London Mining Company Limited purchased a Lease from Tecsbaco. The transfer was assigned and fully approved by the Sierra Leone Ministry of Mineral Resources, government committees and Cabinet ratification.
The Mining Lease grants the Company the exclusive right to mine Iron Ore over the Mining Lease area at Marampa which includes the old site previously mined by Delco and many of the tailings from previous mining operations.
The Company also has the benefit of a 25 year Lease with effect from 7 March 2007 from the Marampa Masimera Chiefdom Council of the land comprised in the Mining Lease area.
David Kaile also said that London Mining invested in Sierra Leone because the Government had made a clear commitment and determination to building long term economic growth with overseas companies.
He noted that London Mining has already employed over two hundred competent and committed Sierra Leoneans from the Port Loko District and its environs and that plans are underway to develop the required infrastructure to start exporting Iron Ore