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Sierra Leone to Review Mine Contracts, Ministry Says

July 11 (Bloomberg) -- Sierra Leone will review all mining contracts with major companies, Emmanuel Tamba Komba, deputy secretary of the mines ministry, said.

“The review process is to ensure all parties are fairly treated, especially those living in the mining communities,” he said in an interview today.

The government has already completed a review with Koidu Holdings SA, a diamond company partly owned by Israeli businessman Beny Steinmetz.

African Minerals Ltd., which is developing an iron ore deposit in Sierra Leone, won’t be affected because its license was awarded after the decision was made to conduct the reviews.

Sierra Rutile Ltd. mines rutile in the country.

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To contact the reporter on this story: Silas Gbandia in Freetown at sgbandia@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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