Sierra Leone Mining News

Stellar Diamonds extends sale of Guinea assets, refinances loan

The diamond miner decided to offload those units to focus on its Tongo-Tonguma project in Sierra Leone, which has the potential to generate earnings of $45 million a year.

Stellar Diamonds jumps on Tongo-Tonguma tribute mining agreement

Deal creates one of the largest diamond mines in West Africa.

Sierra Leone pastor unearths one of the 20 largest diamonds ever found

Emmanuel Momoh found the 706-carat diamond in Sierra Leone's Kono district.

Stellar Diamonds to operate Tonguma mine in Sierra Leone

The company originally intended to combine its Tongo project with Tonguma, but it has now decided to become the mine's operator.

Sierra Leone: Chinese steel firm to invest in $700m iron ore processing plant

Chinese steel firm Shandong Iron and Steel Group plans to invest $700m iron ore processing plant at its Tonkolili mine in Sierra Leone.

Kimberley Process chairman wants UN involvement in supervising global diamond trade

Ahmed bin Sulayem says a well-structured permanent body able to take over the work currently done by volunteers is urgently needed.

Stellar posts upbeat economic assessment for Sierra Leone’s second largest diamond project

The company said its proposed Tongo-Tonguma mine economic evaluation demonstrates robust financial returns for a modest capital requirement.

Stellar Diamonds to ink deal that would create Sierra Leone’s second largest mine

The diamond producer plans to combine its Tongo mine with Octea Mining’s adjacent Tonguma operation.

Sierra Leone grants preliminary OK to Stellar Diamonds Tongo mine

The West Africa-focused firm said it was verbally informed of the approval by the country's Minerals Advisory Board.

Stellar Diamonds secures environmental approval for Sierra Leone project

The permit marks another key step in the process of moving towards development of the 1.45 million carat diamond resource in the West African country, said the company.

Stellar Diamonds just found a big rock at its Guinea project

The discovery of the 55-carat diamond confirms the presence of large stones in the area, said the company.

African Minerals sued by Sierra Leone villagers

African Minerals Limited (OTCMKTS:AMLZF) is being sued in a London court over allegations that it evicted residents and violently mistreated workers and villagers living close to one of its mines in Sierra Leone.

Stellar Diamonds applies for large-scale permit in Sierra Leone

The move marks a key milestone as the diamond company moves from explorer to miner.

Spanish police arrest American-Belgian man on ‘blood diamond’ charges

The 64-year-old American-Belgian citizen has become the first businessman ever arrested for suspected involvement in the illegal trade of “blood” diamonds.

African Minerals halts trading, shuts down Sierra Leone assets

Iron ore project will remain suspended until the company either releases $102 million in restricted cash or can secure other short term funding.

When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Report shows there are 39 assets in production within the Ebola-affected region.

African Minerals founder to buy broke London Mining's Sierra Leone assets

Frank Timis has got $20 million to acquire the mine bordering its own iron ore project Tonkolili.

BlackRock blames Ebola for London Mining mess

And the rapid fall in the iron ore price, the Sierra Leone miner's dispute with Glencore and the slow rampup. But especially Ebola.

London Mining shares ‘worthless’ due to funding fears

The iron ore miner warned Wednesday that its shares now had "little or no value."

Gold prices hurting miners? Throw Ebola into the mix

Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.

London Mining shares collapse on funding fears

The iron ore producer warned it did not have sufficient cash to operate Marampa, its only mine.

London Mining says Ebola now impacting output, costs

Company lowers production guidance at Marampa mine in Sierra Leone as outbreak impacts supply chain and ramp up.

Guinea on national emergency over Ebola, mining operations threatened

Tighter border controls are set to disrupt the flow of essential supplies and even workers trying to get to work at the African country's mining operations, companies say.

West Africa Ebola outbreak forces miners to lock down operations, delay projects

After the WHO declared the current outbreak an “international public health emergency.”

Iron ore miner pulls staff after Sierra Leone Ebola outbreak

London Mining tells eight staff at Marampa mine to go home and imposes travel restrictions after deadly fever spreads from neighbouring Guinea and Liberia.