Sierra Leone launches US$20 million Project


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FREETOWN, Oct. 26 (Xinhua/GNA) – The
Government of Sierra Leone, in collaboration with the World Bank, on Wednesday
launched the second phase of a project to support the artisanal mining sector
in the country, increase geological knowledge and help strengthen governance of
the mineral sector.

The objective of the 20 million-US dollars
project is to continue to build on the improvements to mineral

FREETOWN, Oct. 26 (Xinhua/GNA) – The
Government of Sierra Leone, in collaboration with the World Bank, on Wednesday
launched the second phase of a project to support the artisanal mining sector
in the country, increase geological knowledge and help strengthen governance of
the mineral sector.

The objective of the 20 million-US dollars
project is to continue to build on the improvements to mineral sector
governance vis-à-vis strengthening the legal and regulatory frameworks and
supporting the implementation of the recently updated Minerals Policy and
Artisanal Mining Policy.

During the first phase (2009-2016), Sierra
Leone laid the foundation for improved governance in the mining sector. It
supported new legislation, institutions, capacity building and increased
transparency.

These attracted new investments to the sector
allowing its revenues and associated activities to make significant
contributions to the country’s economic growth.

Among the most notable achievements of the
project was the support provided for the creation of the National Minerals
Agency (NMA), the sector’s regulatory and survey institution.

Morie Manyeh, Minister of Mines and Mineral
Resources, said the second phase of the Extractive Industries Technical
Assistance Project (EITAP 2), aimed to set out the policy principles by which
the economic and social contribution of the artisanal mining sector would be
effectively captured for the benefit of citizens of Sierra Leone.

The project will also promote cleaner gold
production processes amongst artisanal and small-scale miners. It also seeks to
further enhance geological knowledge, including building Sierra Leone’s
geological infrastructure by supporting the government to conduct an airborne
geophysical survey of the whole country as well as complete the coverage of
geological maps of Sierra Leone.

Sierra Leone is a resource-rich country with
extensive known and potential mineral and petroleum resources. However,
knowledge about the geology of the country is limited, with very little modern
data in the public domain, and this limits opportunities for the sector’s
contributions to economic growth and sustainable development.

GNA


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