London Mining Iron Ore

Iron ore mining is predicted to contribute to a GDP growth of 50% in Sierra Leone in 2012. The start of production at Marampa in January 2012 has resulted in the first royalty payment to the Government of Sierra Leone and to the Marampa community development fund. The community development fund will be used for both regional and national development projects.We have held initial meetings with several international finance institutions and bilateral development agencies including the African Development Bank, the World Bank, UK Department for International Development (DIFD), German Technical Co-operation (GIZ) and the United States Agency for International Development (USAID), on future co-financing of projects in the countries in which we operate.This includes, for example, cofounding of research and the production of an in-depth report on Sierra Leone’s employment and skills market. This information will help us focus our community projects on developing the future of Sierra Leone in a long term and sustainable way.

We are engaging with the German Technical Co-operation, Government of Sierra Leone, USAID, UK Department for International Development and the United Nations Development Program to develop a skills and vocational training program and a capacity building program for local businesses. Our aim is to meet our requirements for operational expansion over the next five years while at the same time enhancing local employment and procurement.We are also engaging with the Sierra Leone Ministry of Finance and Economic Development, the African Development Bank and World Bank on infrastructure planning schemes. This includes a study into the development of a deep sea port.