CLE cyclone metals limited

a more balanced view of timis , page-8

  1. 1,943 Posts.
    African Minerals Set to Become the Most Successful Mining Company in Africa - 27/2/10

    Frank Timis - confident of a bright future - Photo.
    Africa is unique in its mining resource potential. The untapped mineral wealth that Africa offers will ultimately define the continent's economic supremacy and give Africans more leverage in major economic decisions by world financial institutions. The emergence of leaders with vested interest in ensuring that countries in Africa are politically and economically prepared to meet the challenges of this sudden realization of wealth is ever more increasing. In Sierra Leone, the President, Ernest Koroma is presiding over policies that would attract foreign investment and provide securities to would-be investors, that are unprecedented within African economic environments.

    Tackling corruption has become a priority of the government of Sierra Leone. Putting in place legislation that guarantees returns of investments without political interference is a prerequisite to attract foreign investment. And the recent decision to partner with the African Governance Initiative of Tony Blair must be an added incentive as the former British Prime Minister is keen on helping the Sierra Leone government overcome the problems of bad governance and provide on the ground assistance that will help the presidency steer through economic measures set to bring the country out of financial mismanagement onto the path of economic prosperity. Because of the success of the African Governance Initiative in Rwanda and Sierra Leone, the Liberian government has recently invited Tony Blair to assist in its strive towards good governance.

    These are some of the factors that are bringing big investments into Sierra Leone, and African Minerals headed by its dynamic Chairman, Frank Timis, has capitalised on this attractive investment atmosphere to establish the biggest mining project Africa has ever seen. The company has recently announced the discovery of over 9.5 Billion tons of iron ore in Tonkolili in the north of the country. But the company's emphasis has not only been to make profit from its ventures in Sierra Leone. It is also keen on engaging in significant social projects that will help lift the locals out of poverty and provide a better standard of living for the people. It seems African minerals has shown sensitivity to the plight of the people in Sierra Leone. The company is fully aware of mistakes made by other investment companies coming into Africa with only one aim to make profit and leave the people who have provided the means to achieve this in abject poverty.

    Frank Timis has a record of human compassion and he has clearly showed this by developing a strategy that will see his company build new schools and medical facilities that would service the deprived constituencies of the countrys masses. Frank Timis is qouted as having said: "My goal is to contribute to the economic growth of these regions so that their children can have the same lifestyle as my own children." In fact the company has already embarked on building projects that will see this through. Africa needs people like Timis and companies like African Minerals who are considerate to the existing circumstances of the people and who are willing to invest a share of their profit-making budget in building better societies in countries where they have business interest. The future can only be bright for a company who have taken particular care in building a relationship of trust among the locals and a country which stands only to benefit from such amazing acts of kindness.

    http://www.newstimeafrica.com/archives/11044
 
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