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MEI Online: General Minerals Engineering: Latest News: April 5th 2013

 
 

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:: National Minerals Agency Launched in Sierra Leone

 

His Excellency Dr. Ernest Bai Koroma has reiterated government's determination to use the mineral resources of the country for the good of all Sierra Leoneans.

While launching the National Minerals Agency (NMA) at Miatta Conference Center, Youyi Building, Brookfields, Freetown recently, the president said his administration is determined to make the country's mineral resources a strong force for good in Sierra Leone, playing a key role in lifting standards of living and employment prospects for all.

President Koroma however noted that although his government inherited a poorly regulated mining industry, a major transformation of the management of the minerals sector has been undertaken by government in a number of ways, such as, revising the Mines & Minerals Act in 2009, which protects communities, corporate social responsibility, improved licence management with cadastre office; ensuring transparency in the sector by launching one of the world's first online databases of licences and payment; implementing environmental and community protection in mining.

The president disclosed that the establishment of the NMA is to ensure transparency and sustainable development in the mining sector as well as maximize revenue and other benefits for all Sierra Leoneans.

Chris Gabelle of the World Bank Country Office in Sierra Leone said the key to the NMA's stability is the ability of government to self-finance it. He said in the face of the current and temporary EITI suspension the launch of the NMA could not come at a more important time. Gabelle added that they hope and belief that the NMA will be able to make the required contributions not only in achieving EITI compliance but by firming up the country's steady march unto middle income status.

 

 

   

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