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Economic & Sector Work :: Mining/Oil and Gas

Sierra Leone : Tapping the Mineral Wealth for Human Progress, A Break with the Past

ACCOUNTABILITY ADMINISTRATIVE CAPACITY ALUMINUM ARTISAN MINING ARTISANAL AND SMALL-SCALE MINING ARTISANAL GOLD ARTISANAL MINERS ARTISANAL MINING ARTISANAL SMALL-SCALE AUTHORITY BASE METALS BAUXITE BENEFICIATION CADASTRAL PROCEDURES CADASTRE CAPACITY BUILDING CLAYS CLOSED MINES CLOSURE COMPLEX TASK CONCESSION AREAS COPPER DECISION-MAKING DEVELOPMENT STRATEGY DIAMOND MINING DIAMONDS ECONOMIC ACTIVITY ECONOMIC GROWTH ECONOMIC OUTCOMES EITI EMPLOYMENT ENVIRONMENTAL ENVIRONMENTAL IMPACTS EXPLOITATION EXPLORATION AND MINING EXPLORATION LICENSE EXPLORATION LICENSES EXTRACTIVE INDUSTRIES EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE FEASIBILITY STUDIES FISCAL FISCAL REVENUES FOREIGN EXCHANGE GEOLOGICAL DATA GEOLOGICAL INFORMATION GEOLOGICAL MAP GEOLOGICAL MAPS GEOLOGICAL SURVEY GEOLOGY GOLD GOLD MINES GOLD PRODUCTION GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT REVENUES HEALTH ILLEGAL MINING IMPORTS INCOME INFLATION INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INVESTMENT EXPENDITURES IRON IRON ORE LABOR FORCE LARGE MINING LARGE-SCALE MINES LARGE-SCALE MINING LEGAL FRAMEWORK LEGAL PROVISIONS LICENSE FEES LICENSE HOLDERS LIGNITE LIVING CONDITIONS MACROECONOMIC STABILITY MECHANIZED MINING METALS MINE DEVELOPMENT MINERAL ACTIVITIES MINERAL DEPOSITS MINERAL DEVELOPMENT MINERAL EXPLORATION MINERAL EXPORTS MINERAL LICENSE MINERAL LICENSES MINERAL POLICY MINERAL POTENTIAL MINERAL PRICES MINERAL PRODUCTION MINERAL RESOURCES MINERAL RIGHTS MINERAL SECTOR MINERAL SECTOR DEVELOPMENT MINERAL SECTOR REVENUES MINERAL WEALTH MINERALS MINES MINES DEPARTMENT MINING ACTIVITIES MINING ACTIVITY MINING AREAS MINING COMMUNITIES MINING COMPANIES MINING COMPANY MINING COUNTRIES MINING DEVELOPMENT MINING INDUSTRY MINING INVESTMENT MINING INVESTMENT AGREEMENTS MINING LAW MINING LAW AND REGULATIONS MINING LEGISLATION MINING LICENSES MINING OPERATIONS MINING PERMITS MINING SECTOR MINING SECTOR REFORM MINING TITLE MOLYBDENUM MONETARY POLICY MULTIPLIER EFFECT NATIONAL ECONOMIES NATIONAL MINERAL POLICY NATIONAL POLICY NATIONAL POLICY FRAMEWORK NICKEL OPERATING ENVIRONMENT ORES PERCEPTION PLATINUM POLITICAL INSTABILITY POOR GOVERNANCE POTENTIAL INVESTORS PRIVATE INVESTMENT IN MINING PRODUCTIVITY QUARRYING REAL GDP RECLAMATION REFINING REGULATORY FRAMEWORK REHABILITATION REPRESENTATIVES REVENUE FLOWS SMALL-SCALE MINERS SOCIAL DEVELOPMENT SUSTAINABLE DEVELOPMENT TAXATION TITANIUM TRADE POLICIES TRADE REFORMS TRANSPARENCY ZINC
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Washington, DC
Africa | West Africa | Sub-Saharan Africa | Sierra Leone
2012-06-21T18:47:03Z | 2012-06-21T18:47:03Z | 2005-07

Political instability and lack of an enabling and internationally competitive environment conducive to attracting investments particularly affected the mining sector. Excessive government control and attempts to raise higher foreign exchange and fiscal revenues from artisanal diamond activities were detrimental to artisanal mining development. The study provides an assessment and analysis of the economic and social importance of the mining sector in Sierra Leone and its impact on economic outcomes. It makes recommendations and identifies an action plan for mining sector revival and development. The Government presented this report to the stakeholders, including its international development partners, at a workshop in May 2003. The outcome of the discussions and recommendations is reflected in the report. The resulting report was subsequently discussed in a second national workshop during January 2004. Since January 2003, the Ministry of Mineral Resources has focused on a number of fronts including: formation of a core mineral policy; deepening the policy work through a review of the mineral and regulatory framework; efforts to improve the development of basic mapping geo-information; completion of the initial work required for improved administration and management of mineral rights through a cadastre system; improvements in productivity, safety, and environmental conditions of mining activities; increased transparency in mineral sector revenues through the Extractive Industries Transparency Initiative and Kimberley Process; and improved social conditions in the mining areas. These efforts have led to positive results. Among the most notable are the sharp rise in diamond exports, the rehabilitation of a rutile mine initiated in May 2005, the current assessment of the possible reactivation of the existing bauxite mine during 2005; and a significant increase in mineral exploration.

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