A client of mine in Sierra Leone has just had two mineral concessions taken away for what are reportedly to be purely arbitrary reasons.
As the situation is still murky, it would be wise to reconsider investments in companies working in Sierra Leone. Companies such as African Minerals, with their gigantic Tonkolili iron deposit (and smaller Marampa mine) and Cluff Resources, with their Baomahun deposit, may be forced to reconsider the level of investments they will make to further the development of their respective properties.
More on this as developments proceed.
As the situation is still murky, it would be wise to reconsider investments in companies working in Sierra Leone. Companies such as African Minerals, with their gigantic Tonkolili iron deposit (and smaller Marampa mine) and Cluff Resources, with their Baomahun deposit, may be forced to reconsider the level of investments they will make to further the development of their respective properties.
More on this as developments proceed.
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