By: James Kamara-Manneh
Sierra Rutile Limited (SRL), one of Sierra Leone’s leading mineral resource companies, announced the resumption of its operations effective immediately. This decision comes after a temporary suspension of activities in March 2024, aimed at facilitating negotiations between the Government of Sierra Leone (GoSL) and SRL regarding the fiscal regime applicable to SRL Area 1 operations.
In a press release issued yesterday, SRL emphasized that the suspension was undertaken with the primary objective of engaging in constructive dialogue with the government to address fiscal concerns pertinent to the company’s operations. The negotiations were centered around establishing a mutually beneficial fiscal framework that would ensure the sustainability and profitability of SRL’s operations within Sierra Leone.
With clear directives from the GoSL to recommence operations, Sierra Rutile Limited is pleased to announce the immediate resumption of its activities. This development signals a positive step forward in the ongoing collaboration between the government and the private sector towards fostering economic growth and development in Sierra Leone.
The press release further urged all contractors and service providers associated with SRL to resume their duties in accordance with their respective terms and conditions. Additionally, all staff members have been advised to undergo medical check-ups to ensure their well-being as operations resume.
Sierra Rutile Limited remains committed to upholding the highest standards of corporate responsibility, environmental sustainability, and community engagement in all its operations. The company expresses its gratitude to its stakeholders, including employees, contractors, service providers, and the government, for their cooperation and support throughout the negotiation process.
As operations recommence, SRL reaffirms its dedication to contributing positively to Sierra Leone’s socio-economic development while maintaining its position as a responsible corporate citizen in the region.
Sierra Rutile Limited is a leading mineral resources company operating in Sierra Leone. With a commitment to sustainable development and responsible mining practices, SRL plays a significant role in the country’s economy and social fabric. The company is dedicated to maximizing value for its stakeholders while ensuring environmental stewardship and community engagement.
