marampa sale speculation, page-4

Completion is envisaged 2017:


KINGHO PLANS $6B SIERRA LEONE SPEND

Freetown, May 19
Sierra Leone’s efforts to open up mining opportunities have been offered a $US6B boost with the signing of a memorandum of understanding with China Kingho Energy Group.
The privately owned group, which is exploring for iron ore in Sierra Leone’s northern Tonkolil group, proposes to build a 250km railway, deepwater port, smelter and power station in the country.
The agreement envisages completion of the projects in 2017.
Sierra Leone’s ambassador to China, Victor Foh, says the $6B figure is the group’s minimum investment and it could go as high as $10B.
Renewed interest in its largely untapped mineral resources has sparked an economic revival in Sierra Leone a decade after the end of a devastating 1991-2002 civil war. Reuters