S.L Mining may stop operations this week

Reports filtering in from the Northern Province indicate that the iron ore miner SL Mining is planning to stop work this week after unsuccessful attempts to get the government of Sierra Leone to back down and lift the suspension to export imposed on the company. The Company last Thursday informed its workforce that “The Government of Sierra Leone (“GoSL”) suspended our operations on July 3rd, 2019, which shocked all of us. Following two months of unsuccessful engagement with the government, SL Mining has challenged the suspension at the International Chamber of Commerce (ICC) in London where an Emergency Arbitration Final Order was awarded two weeks ago compelling the GoSL to lift the export ban and allow SL Mining to continue exporting and shipping its product, and ensure FULL operations resume.” The release then informed the employees that “Without being able to export, it is not possible for SL Mining to continue operating …”

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