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Vol 57 No 20

Published 7th October 2016

Sierra Leone

Iron Man

Facing lacklustre demand in the global market, the country's iron-ore production is only slowly recovering from the disaster of the Ebola epidemic of 2014-2015. The leading company in Sierra Leone, Shandong Iron and Steel, is facing a brave new world. It has lost the last vestiges of its links to African Minerals Limited since the death in August of Gibril Santigie Moseray Fadika – Gibril Bangura to his colleagues. The Chinese company acquired a 75% stake in the Tonkolili Iron Ore mine in April 2015, immediately owning 100% of the beleaguered company's equity of Tonkolili Iron Ore (SL) Ltd., as well as its key infrastructure holding, the African Port and Railway Services (SL) Ltd. Shandong also inherited a lawsuit in which 142 Sierra Leonean villagers had sued in the High Court in London for millions of dollars claiming human rights abuses by AML.

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