Home›News & Politics›Sierra Leone at 50 Independence Committee receives $500,000 from African Minerals

Sierra Leone at 50 Independence Committee receives $500,000 from African Minerals

August 9, 2010

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Photo Credit: President Koroma shaking hands with Mosery Fadika of African Minerals

According to news reports African Minerals Plc. (AML) has ~~donated~~ pledged $500,000 to the Sierra Leone 50th Independence Anniversary Planning Committee at an event launched at Country Lodge Hotel this past Friday. This was on the same day that the ministry of mineral resources announced that the government and AML had signed a lease agreement with AML paying 25% in annual corporate tax over the next 5 years. London Mining another iron ore mining company in Sierra Leone, came under scrutiny for signing a lease that saw it paying only 6% in annual taxes. AML is scheduled to start exporting 3 million tonnes of ore early next year.

UPDATE: China Kingho Group of companies also pledged $600,000 to the 50th Anniversary Committee.

Vickie Remoe

Vickie Remoe is a business, entertainment and travel writer. She is a communications, digital marketing and content strategist helping brands and leaders make meaningful connections with Africans at home and in the diaspora.