Sierra Leone Mining News

Proceeds from massive diamond found by pastor to go to Sierra Leone’s poorest

Over 50% of the proceeds will be used to fund clean water, electricity, school, medical facilities, bridges and roads, none of which are currently available in the village of Koryardu, where the diamond was found.

Stellar Diamonds soars on $1.25 million-sale of Guinea assets

Deal allows the Stellar to focus on its bigger Tongo-Tonguma project in Sierra Leone, which would be the country's second largest diamond mine ever.

Massive diamond found by Sierra Leone pastor now for sale in Antwerp

The 709-carat rock is the second-largest ever found in the West African nation.

Sula strikes 'bonanza grade' gold in Sierra Leone

The Sierra Leone-focused miner has found gold of almost "bonanza grade" at the Ferensola gold project in the Sula Mountains of Sierra Leone.

Stellar Diamonds pays for the Tongo environmental licence

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has paid US$150,240 to the Sierra Leone Environmental Agency for the Tongo Environmental Licence.

Stellar Diamonds seeks to fund first post-Ebola mine in Sierra Leone

The operation would be second biggest diamond mine in Sierra Leone.

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."