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Sierra Leone

Koidu diamond mine shuts indefinitely as managers clash with First Lady

Government is silent after allies of mining mogul Beny Steinmetz accuse it of political meddling and say they’ve run out of cash

After an ugly fight with President Julius Maada Bio’s government over working conditions and back pay, Chief Executive of Koidu Limited, Dag Cramer is closing the country’s richest diamond mine with a loss of over a thousand jobs and about US$80-100 million a year in export revenues. This latest crisis will further damage Sierra Leone’s mining economy.

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