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Investigate London Mining, AML deals

- SLPP urges government

DECEMBER 8, 2014 By Mohamed Massaquoi

Secretary-General of the opposition Sierra Leone People’s Party (SLPP) has called on the government to come out clearly on the current state of affairs in the mining industry by demonstrating strong leadership in engineering a roadmap that will avert a collapse of the industry and secure the plight of thousands of employees and local businesses.

Sulaiman Banja Tejan-Sie said they are troubled as a political party by the disturbing news from the iron ore mining companies, noting that the unfortunate situation needed to be brought to the public domain because of the devastating consequences it could bring to bear on the country’s economy.

“We are calling on government, including Members of Parliament, to institute hearings into the status of London Mining Company and African Minerals Limited and to verify report that Frank Timis, founder of AML, has or is about to take over the Marampa mines, previously owned by London Mining,” Mr. Tejan-Sie said.

“If the news is true, we express fear that it carries the hallmarks of creating a monopoly in the iron ore industry; it will defeat the purpose of building a free enterprise economy,” the lawyer-cum-politician said, adding that Mr. Timis had agreed to a $20m funding deal with Australia’s Cape Lambert Resources to acquire the Marampa mines.

“He is seeking to secure the deal through his private Timis Mining business instead of the African Minerals which is listed in London and has been affected by the Ebola outbreak,” he claimed.

However, Head of Communications at African Minerals Limited, Anthony Navo Jr., last week confirmed that African Minerals has been temporarily shutdown to enable them strategise so that the company can resume operations.

He assured employees of the company, who may be unhappy with the development, that they are still on the payroll.

“I want to inform the public that there are challenges with the operations of African Minerals, but management is doing all in its powers to address the situation,” he said.

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