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Vol 50 No 23

Published 20th November 2009

Sierra Leone

From cowboys to corporates

For years, cowboy outfits have churned through Sierra Leone's red dirt for diamonds and gold, but now the government is getting serious about extractive industries. Listed companies already have interests in titanium ore (Sierra Rutile, owned by Titanium Resources Group), iron ore (London Mining, which is exploring a possible joint venture with China Minmetals and Sinosteel at Marampa), African Minerals (exploring at Tonkolili and Marampa and promising railway and port infrastructure), and an oil foursome of Anadarko, Repsol, Woodside and Tullow, which announced an offshore find that could yield 200 million barrels. Others scout for tantalum, uranium and gold projects.

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