709 Carat Diamond To Benefit Koidu


The Minister of Mines and Mineral Resources, Dr. Morie Manyeh has disclosed that part of the proceeds from the sale of the 709 carat diamond that was discovered in Kono would be used to develop the district headquarters, Koidu.

Addressing the media on Monday 23rd July, 2018 at the Ministry’s Conference Hall, Dr. Morie Manyeh said the proceeds meant for the community where the gem was found would be used to construct a community health center, six classroom blocks, water wells, install solar light and rehabilitate the roads leading to Koidu. He assured that the projects would commence in December, this year.

The implementation of the projects, the Minister said, will motivate and encourage people not to engage in smuggling or hiding diamonds when found in their communities.

“If we do these things for our mining communities, it will serve as an encouragement for people to report diamonds whenever discovered,” Dr. Manyeh asserted, assuring that government will also redirect and reinvest some of the money into the communities where minerals are discovered.

The Minister also disclosed that three policies would soon be tabled in Parliament, including the Artisanal Mining Mineral Policy and Gee Data, adding that if approved, would bring about the necessary changes in the mining sector. He expressed optimism that the policies would support revenue generation, help mining communities, benefit artisanal miners and bring trust in the mining industry.

The government, Dr. Manyeh said, would  review the Mines and Minerals Act, review Mining Lease Agreements, especially with major mining companies like Illuka Resources (Sierra Rutile), Shandon Steel, London Mining among other mining companies.
“Government do not own any shares in these companies but rely only on the 3% royalty and exportation right,” said the Minister, noting that they are now looking forward to owning shares in these mining companies.