Marampa Mines will on January 24, officially present its 2023 & 2024 Community Development Fund (CDF) and commission its expansion to 3.75 million tonnes per year of high-grade iron ore production.
“In line with its Mining Lease Agreement (MLA) and Community Development Agreement (CDA), Marampa Mines will present its Community Development Fund (CDF) on January 24, allocating 1% of its Free-on-Board revenue to support local development initiatives. The Fund will focus on education, health, economic development, and environmental sustainability within the host communities of Marampa and Maforki chiefdoms,” the company made the announcement in a press statement.
The company also announces the successful completion of its largest-ever investment, increasing its production capacity to 3.75 million tonnes per year of iron ore, a development that not only represents a leap in operational scale but also reinforces Marampa’s leadership in sustainable mining practices.
The expansion, according the company, introduces advanced technologies, including a cyclone deposition system for tailings management, enabling dry stacking.
“This innovation, the first of its kind in Sierra Leone, significantly enhances safety and sets new benchmarks for environmentally responsible mining. The expansion enables Marampa to process hard rock iron ore, ensuring 100 years of continuous operation. This extended mine life, combined with optimized workflows and improved economiesof scale, positions Marampa to thrive through market fluctuations,” the company states.
As one of the leading mining companies in Sierra Leone, the bumper CDF underscoresMarampa’s ongoing commitment to the welfare of the communities surrounding its operations .
Executive Chairman of Marampa Mines Limited, Craig Dean said, “This is a major milestone for Marampa Mines, one that strengthens both our operational capabilities and our commitment to creating lasting value for the communities that support us.”
