There
has been a boom in the diamond mining industry since the end of the
war - and by March this year (2003) exports had reached an unprecedented
level of 92.081.88 carats. Mechanisms are in place to minimise smuggling
and the Government Gold and Diamond Office is now exporting an average
of $5million each month.
Sierra Leonne is
rich is resources and had satisfactory returns from diamonds, gold,
iron ore, rutile and bauxite up until the mid 1990s when the rebel war
caused almost total destruction of the industry.In the last three post-war
years the industry has been recovering steadily.
Sierra Rutile (mining
a valuable titanium dioxide) employed 5000 people in the south east
of the country and was the world's third producer before the war. Operations
were suspended in 1995 and the mines badly damaged - but now , with
the help of funding from the EU, IFC (International Finance Corporation)
and OPIC, refurbishment is well underway and jobs are being returned.
Australian-based, Hazcare Mining Proprietary has continued to develop
Rotifunk rutile deposits.
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