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Vol 50 No 4

Published 20th February 2009

Sierra Leone

Rich resources, little investment

Sierra Leone's rumour mill is dependably strong and outrageous, but the case of African Minerals is impressive even without its wrapping of gossip. The Chairman of the company, listed on London's Alternative Investment Market (AIM) and formerly known as Sierra Leone Diamond Company, is Peter Derek Truscott. Labour's Lord Truscott (author of a biography of Russian Premier Vladimir Putin) has been pilloried, with others, as a peer-for-hire and last month was accused by the Sunday Times of London of accepting cash for services rendered. Their new website presents a brighter side of the company, whose licences give it rights to explore not only for diamonds but also for gold and other precious minerals, such as uranium.

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