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May 5, 2022
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Lunsar, 5 May 2022: Marampa Mines Limited, (“MML”, “Marampa Mines” or “the Company”), a subsidiary of Gerald Group (“Gerald”), in Lunsar in the Port Loko district, today hosted the Government of Sierra Leone (“GoSL”) and other dignitaries at the Marampa mine site where His Excellency, Brigadier Rtd. Julius Maada Bio, President of the Republic of Sierra Leone commissioned a 3.25 million dry metric tonnes per annum (Mdtpa) output iron ore concentrate expansion project. President Bio met with the principals of Gerald, management of Gerald and MML, staff and stakeholders and toured MML’s mining areas and processing plant.

When restarting production at the Marampa mine on 1 September 2021, MML immediately set to work on construction of the expansion of the project from 2.0 (M2.0 phase) Mdtpa to 3.25 Mdtpa (M3.25 phase) of >65% Fe iron ore concentrate branded Marampa BlueTM. Construction of M3.25 completed in March and with the expansion and ramp up, the total number of direct and indirect employees on site increased to over 2,000 by the end of March 2022.

In his keynote statement, HE President Bio, said: “I am pleased to have commissioned the M3.25 expansion at Marampa Mines today. As a country, we have had to manage the Covid-19 pandemic, which has impacted global economies and supply chains. But with the Marampa mine back in full scale operations, exports of high value products such as Marampa BlueTM iron ore concentrate from Sierra Leone will increase year on year and deliver a long-awaited boost to the economic growth and stability of our country. I share my sense of hope and confidence with all of you for the continued success of the Marampa mines and for new inward investment in our natural resources sectors across Sierra Leone.

Craig Dean, Chairman and CEO, Gerald Group and Marampa Mines Limited said: “I would like to thank His Excellency President Bio, the Government and our stakeholders for their strong confidence and support in Marampa Mines Limited over the past year, as well as our management and staff who are deeply committed to the expansion program underway. Our shared vision is to optimise the beneficiation of up to ~1.7 billion tonnes of compliant resources in the new Marampa, which combines Marampa North and South concessions, bringing additional revenues to the GoSL and creating opportunities by developing a sustainable and resilient mining operation so Sierra Leoneans significantly benefit from MML’s growth and success.”

Keynote statements were also made by Mr Timothy Musa Kabba – Hon. Minister of Mines and Mineral Resources, Mr. Alpha Kanu – Hon. Resident Minister of the North-western Region, Queen Kabia II – Paramount Chief of Marampa Chiefdom and Elaine French, Chargé d’affairs, U.S. Embassy, Freetown.

In the Company’s presentation, Frederic Lotti, MML’s Chief Operating Officer explained: “The M3.25 expansion mainly includes the addition of a new feed point and a new product line to accommodate the additional feed and product volume, as well as the addition of new set of spiral blocks to increase processing capacity, and an expansion of the mining fleet with large 90MT capacity excavators to increase mine volume rate.”  Mr. Lotti also presented MML’s expansion plan for 7 Mdtpa output, more than doubling current plant nameplate capacity.

The high Fe content in the Marampa BlueTM product helps to achieve a lower carbon footprint for MML’s customers (in the steelmaking process) and in the supply chain (route to market), allowing MML to play a role in the world’s energy transition process. MML’s Environmental, Social and Governance (ESG) initiatives are aimed at embracing the challenges relating to climate change, women in the workforce (currently women make up ~17% of MML’s direct employees), farming and education through development of sustainable projects that make a meaningful difference in our host communities.

MML is working in parallel on the modernisation and digital transformation of our equipment monitoring, supply chain and finance management systems. Implementation of these systems will result in paperless processes and the utilisation of online tools and mobile devices by our staff performing these functions. Instrumentation will implement big data collection capability to allow Operation and Maintenance teams to monitor the performance and health of equipment remotely and in a far more efficient way.

 

Gerald Group plans to further expand MML’s output to 7 Mdtpa (M7) within the next year, bringing material capital investment to the country. As part of the expansion process, options to access additional power and renewable or lower carbon intensive sources of energy is under consideration. Discussion for operational access to Pepel’s rail and port facilities are underway and will contribute significantly to MML’s streamlining of export operations and reduction in carbon footprint, key components to ensure the future competitiveness and sustainability of the mining operations.

Media enquiries: media@marampamines.com / media@gerald.com or view https://marampamines.com

Tel: +44 (0) 7507 583 792.

About Marampa Mines Limited                                                        

Marampa Mines Limited, a subsidiary of Gerald Group (“Gerald”), one of the world’s leading metals merchants, is engaged in the development and production of iron ore concentrate from compliant resources of approximately 1.7B tonnes at Marampa in the Port

Look District of the northern province of Sierra Leone. The Company, 90% owned by the Gerald Group, with the remaining 10% owned by the Government of Sierra Leone, is committed to being a globally competitive, world-class iron ore concentrate producer. Through sustainable investment, expertise and long-term commitment to the Marampa Project, MML aims to materially develop its production of >65% Fe quality iron ore concentrate, which is among the highest and purest grades in Africa and globally, and branded Marampa BlueTM. The Company aims to be a significant contributor to Sierra Leone’s economy and to local communities. ESG initiatives are aimed at embracing the challenges relating to climate change, advancement of women, farming and education to build a better and sustainable future.


February 18, 2022

The app Hornet, which caters to the gay male community, has seen a 30-percent increase in social feed engagement since social distancing measures began in mid-March, according to CEO Christof Wittig. And the dating app Tinder reported that it saw more engagement on March 29 than on any other day in its history, with more than 3 billion users swiping to connect with people, according to an April 1 press release. In 2020, online dating revenue in the U.S. amounted to 602 million U.S. dollars, and it is projected to reach 755 billion U.S. dollars by 2024. The number of users is also expected to see an annual increase, with 53.3 million Americans expected to use internet dating services in 2024, up from 44.2 million users in 2020. That year, paying customers accounted for approximately 15 percent of U.S. online dating users. While many dating sites and apps are free, some platforms use a freemium pricing model that supports online purchases.

  • Some online dating apps have been working on implementing new features to prevent catfishing—other companies are even producing AI intelligence to fend against it.
  • The revenue from this industry and its frequency of use are astronomical.
  • Even if the person you’re meeting volunteers to pick you up, avoid getting into a vehicle with someone you don’t know and trust, especially if it’s the first meeting.
  • OkCupidwas created in 2004 by a group of friends from Harvard University.

When you engage in social events where you’re likely to meet new people, the pool of those who are single and looking is much smaller than when you’re on an app or dating site where everyone is in the same boat as you. Research shows, however, there are negative side effects of online dating, particularly for young women. People cite the obvious reasons for being on dating apps, such as seeking a long-term partner or a sexual encounter; the split is fairly even.


February 18, 2022

This article will show you how to capture a screenshot on windows 10. To receive periodic updates and news from BleepingComputer, please use the form below. In the next screen, select the folder where you have contents extracted earlier. JavaTpoint offers too many high quality services. Mail us on , to get more information about given services. Double-click on the option which you want to update.

  • We strongly recommend using Hive Shell for proper driver update procedure.
  • After locating the hardware that you want to update the driver for, right-click its name or icon and then select Properties.
  • These requirements include random, reasonable suspicion, post accident, return-to-duty, and follow-up testing for controlled substances and alcohol.
  • Below is an alphabetical list of Windows 7 driver download links for 21 major hardware manufacturers, from Acer to VIA.

The easiest and most convenient way to update your graphics driver is to do it automatically with AVG Driver Updater. It’ll scan your PC and detect any outdated or malfunctioning drivers, then source and download the current drivers without you having to do a thing. As you can see, I have Nvidia GeForce 940M graphics card installed on my computer. Linux Mint is now using the open source nouveau driver. To install Nvidia drivers, click on ‘nvidia-384 ’ and click on Apply changes. Last but not least, you can always seek help from this alternate method & update NVIDIA drivers on your system. This robust driver updater software scans your computer inside out for any driver-related issues, including NVIDIA drivers issues.

Painless Driver Updater Plans – Insights

Download & install the latest offline installer version of Driver Booster Free for Windows PC / laptop. It works with both 32-bit & 64-bit versions of Windows XP / Vista / Windows 7 / Windows 8 / Windows 10. Then click the Update button next to any flagged device. Driver Easy will then automatically download the latest driver for the device.

The drivers that are downloaded by Windows may not be the fastest and cause trouble sometimes while updating drivers to manufacturers drivers can give the best experience. But it is tedious to identify your hardware devices, find the suitable drivers from manufacturers and update them manually. Select the Search automatically for updated driver software option and follow the on-screen prompts to install any available Realtek audio drivers. If you don’t feel like diving into the registry yourself, we’ve created two downloadable registry hacks you can use. One enables this option, preventing Windows Update from automatically installing driver updates. The other disables this option, restoring the default behavior. Double-click the one you want to use, agree to add its data to your Registry, and then restart your PC.

An Analysis Of Systems In Updating Drivers

The possibilities of creating issues by malware are endless. Install the drivers, restart PC, and check if the issue is resolved. After removing all printers you don’t use or don’t need, restart your PC, then check to see if the printer now functions well. If you see that Print Spooler keeps stopping on Windows 10 PC, you might need to uninstall all the printers that you don’t use or need. Check if the process has fixed the print spooler problem and if the printer now functions normally. The print spooler manages the print jobs currently queue to be printed. It also allows a user to delete a print job being processed.

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It can be helpful to break up a large job by printing one hundred pages at a time, or printing ONE set to the MFP’s onboard memory. This is called a “user box” , a “document box” , or a “mailbox” . Then you can go to the MFP itself, point to the “uploaded” job and tell it to print 500 sets. After extracting the files to a disk or a special directory, you should look for the installation program — usually called “setup.exe” or “install.exe” — and click it to begin installation. If neither of these files are present, you should look for a text file containing special instructions called “Readme.txt” or something similar.


February 14, 2022

In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to demonstrate the visual form of a document or a typeface without relying on meaningful content. Lorem ipsum may be used as a placeholder before the final copy is available. It is also used to temporarily replace text in a process called greeking, which allows designers to consider the form of a webpage or publication, without the meaning of the text influencing the design.

According to Wikipedia Lorem Ipsum article, Lorem ipsum is typically a corrupted version of De finibus bonorum et malorum, a 1st-century BC text by the Roman statesman and philosopher Cicero, with words altered, added, and removed to make it nonsensical and improper Latin.

Example text

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Source text

The discovery of the text’s origin is attributed to Richard McClintock, a Latin scholar at Hampden–Sydney College. McClintock connected Lorem ipsum to Cicero’s writing sometime before 1982 while searching for instances of the Latin word consectetur, which was rarely used in classical literature. McClintock first published his discovery in a 1994 letter to the editor of Before & After magazine, contesting the editor’s earlier claim that Lorem ipsum held no meaning.

You might accidentally install malicious programs if you skip the installation. Many torrent users distrust uTorrent, as the developers once bundled it with a cryptominer. Besides this, uTorrent has many other problems, such as ads and annoying bloatware.

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February 5, 2022
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Marampa Mines Limited hosts Government of Sierra Leone delegation

at the mine following restart of operations

Lunsar, 4 February 2022: Marampa Mines Limited, (“MML”, “Marampa Mines” or “the Company”), a subsidiary of Gerald Group (“Gerald”),  yesterday hosted the Government of Sierra Leone (“GoSL”) at the Marampa mine site for an extensive tour and company presentation. Leading the GoSL delegation were Mr. Dennis K. Vandi – Hon. Minister of Finance, Mr Timothy Musa Kabba – Hon. Minister of Mines and Mineral Resources, Mr. Alpha Kanu – Hon. Resident Minister of the North-Western Region and Mr Julius Mattai – Director General of the National Minerals Agency.

Hon. Minister Kabba commented after the visit: “Today was an opportunity to meet Gerald/MML’s senior management team and staff, and see first-hand their impressive turnaround in the mine’s operations and their expansion plan. We would like to see more companies like MML invest in our minerals sector and help make Sierra Leone one of the most attractive destinations for doing business in West Africa. The skills and experience that Sierra Leoneans will gain through employment and training at the mine will give them an important role to play in our country’s development and growth.”

The GoSL delegation visited the mine, processing plant and Thofeyim River port terminal (TRT), after MML presented plans for the Company’s upcoming development and expansion, emphasising the importance of access to the rail and port infrastructure. Other topics discussed were local content programmes, key environmental, social and governance (ESG) initiatives and operational updates. ESG initiatives discussed included MML’s large focus on lowering and offsetting its carbon footprint, training and development for women, medical outreach into communities targeting maternal and childcare, and agricultural development to minimise our imports and support sustainable livelihoods.

Hon. Minister Vandi added: “We were impressed to see that MML is building a sustainable and resilient project. Since the successful restart, Gerald is ramping up production of >65% iron ore concentrate from 2 million dmpta to 3.25 million dmpta. Looking ahead, we are pleased that Gerald is considering making further material investments of up to US$300 million in capital expenditure to fund the next stage of expansion to 7 million dmtpa, which upon completion will create additional revenues for Sierra Leone and its people”.

Craig Dean, Executive Chairman and CEO, Gerald Group, commented: “We take this opportunity to restate our appreciation for the strong support received from His Excellency President Bio’s government, during the negotiations and ratification of our Large-Scale Mining Agreement last December, and the restart of mining operations. I would like to reinforce that as our teams work on the many important priorities and objectives to create a sustainable and resilient mining operation, Sierra Leoneans will significantly benefit from MML’s growth and success.”

 

MML has completed loading 1 million WMT of Marampa BlueTM >65% Fe iron ore concentrate onto 9 Ocean Going Vessels (OGVs). OGV 7 carrying 203,000 WMT of iron ore concentrate sailed in December and was a Newcastlemax (“M/V Trust Melbourne”), which is the largest dry bulk vessel to have departed from Sierra Leone.

 

Media enquiries: media@marampamines.com / media@gerald.com or view https://marampamines.com

About Marampa Mines Limited           

Marampa Mines Limited, a subsidiary of Gerald Group (“Gerald”), one of the world’s leading metals merchants, is engaged in the development and production of iron ore concentrate from compliant resources of approximately 1.7B tonnes at Marampa in the Port

 

 

Look District of the northern province of Sierra Leone. The Company, 90% owned by the Gerald Group, with the remaining 10% owned by the Government of Sierra Leone, is committed to being a globally competitive, world-class iron ore concentrate producer. Through sustainable investment, expertise and long-term commitment to the Marampa Project, MML aims to materially develop its production of >65% Fe quality iron ore concentrate, which is among the highest and purest grades in Africa and globally, and branded Marampa BlueTM. The Company aims to be a significant contributor to Sierra Leone’s economy and to local communities. ESG initiatives are aimed at embracing the challenges relating to climate change, advancement of women, farming and education to build a better and sustainable future.


December 17, 2021
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Marampa Mines Limited is pleased to announce the ratification of its

Large Scale Mining Agreement by Sierra Leone’s Parliament and

the final payment of US$10 million to the Government of Sierra Leone

 

Freetown, 17 December 2021: Marampa Mines Limited, (“MML”, “Marampa Mines” or “the Company”), is pleased to announce the ratification of its new Large Scale Mining Licence Agreement (also known as Mining Licence Agreement or “MLA”) by the Sierra Leone Parliament on 16 December 2021. The MLA was put forward to Parliament by the Minister of Mines and Mineral Resources, Mr. Timothy Musa Kabba, on behalf of the Government of the Republic of Sierra Leone (“GoSL”) and was unanimously approved yesterday. MML has also paid a final installment of USD 10 million today, as part of a fixed sum of USD 20 million to the GoSL, pursuant to the binding Settlement Agreement.

Craig Dean, Executive Chairman and CEO, Gerald Group, commented: “I would like to thank His Excellency President Bio and his administration for their commitment over the past several months, as we look forward to a new era of partnership between Gerald / MML, the GoSL and all our stakeholders. Since we signed the Settlement Agreement earlier this year, Marampa Mines has successfully, 1) loaded and exported more than 700,000 tonnes of iron ore concentrate, beneficiated by SL Mining Limited 2) restarted production, processing and exports of Marampa BlueTM, our premium >65% Fe iron ore product, and 3) with the MLA coming into effect, MML will ramp up the Project, generating significant employment opportunities and other benefits for the country and our communities. As indicated previously, we are considering a significant expansion of the Marampa Project and related infrastructure, which will allow our iron ore asset to become a major contributor to economic growth and development in Sierra Leone.” The MLA’s ratification also sees the ICC and ICSID arbitration between the GoSL and Gerald International Limited/SL Mining Limited being withdrawn and discontinued.

The Honourable Minister of Mines and Minerals Resources, Mr. Kabba, said: “This could not have happened but for the astute leadership of His Excellency, the President, who graciously ended the matter and provided guidance and leadership for turning a new page of partnership, that is now based on trust and benefit for the people of Sierra Leone and Gerald group.”

The MLA granted to Marampa Mines is for an initial period of 25 years, renewable thereafter for 15 years. Under MML’s mining obligations, the Company will conduct operations to promote the growth of the economy, including integrating the mining operations with other sectors in the country and maximising local content and the supply chain within Sierra Leone. The GoSL undertakes to facilitate use of all existing rail and port infrastructure, while allowing the Company the right to build similar infrastructure for the expansion of the Project’s mining, logistics and export operations throughout the duration of the MLA. MML is also pleased to support the Lunsar community, and will make payments to a Community Development Fund, at a rate of 1% of the Free on Board revenue received by MML in accordance with the MLA.

MML started operations on 1 June 2021 following the Settlement Agreement with the GoSL on 7 May 2021. The number of jobs at the Marampa Project are expected to rise to 1,400 within weeks as the Company implements its development plan in a phased manner. MML is in the process of increasing production of iron ore concentrate from 2M dmtpa to 3.25M dmtpa, progressively generating vital revenues for the country and fulfilling other important commitments, as the Project expands.

Ends

 

Media enquiries: media@marampamines.com / media@gerald.com, Tel: +44(0)203 805 2000 or view https://marampamines.com

 

About Marampa Mines Limited                                                        

Marampa Mines Limited, a subsidiary of Gerald Group (“Gerald”), one of the world’s leading metals merchants, is engaged in the development and production of iron ore concentrate from compliant resources of approximately 1.7B tonnes at Marampa in the Port Look District of the northern province of Sierra Leone. The Company, 90% owned by the Gerald Group, with the remaining 10% owned by the Government of Sierra Leone, is committed to being a globally competitive, world-class iron ore concentrate producer. Through sustainable investment, expertise and long-term commitment to the Marampa Project, MML aims to materially develop its production of >65% Fe quality iron ore concentrate, which is among the highest and purest grades in Africa and globally, and branded Marampa BlueTM. The Company aims to be a significant contributor to Sierra Leone’s economy and to local communities. ESG initiatives are aimed at embracing the challenges relating to climate change, advancement of women, farming and education to build a better and sustainable future.


October 29, 2021
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  • Marampa Mines implements new logistics solution to enhance marine transportation efficiencies
  • USD 10 million paid to the Government of Sierra Leone on 29 October 2021, the first installment of a fixed sum of USD 20 million as the current “Stockpile” is monetised
  • Restarted production of premium grade >65% Fe content iron ore concentrate (“IOC”), one of the highest grades in Africa and among the cleanest grades globally
  • Plans to conduct technical studies in 2022 for optimising the production of premium grade iron ore, critical for carbon emissions reduction in the steelmaking process

Lunsar, Sierra Leone, 29 October, 2021: Marampa Mines Limited, (“MML”, “Marampa Mines” or “the Company”) a subsidiary of Gerald Group (“Gerald”), one of the world’s leading metals merchants, has completed loading of its first Capesize and set sail carrying over 175,000 WMT of premium grade iron ore concentrate. The Capesize, M.V. Athenian Phoenix, completed cargo loading and departed from Freetown Outer Anchorage yesterday evening the 28 October 2021.

Gerald has implemented a new logistics solution for marine transportation of material from MML’s own Thofeyim River Terminal to Freetown Port Harbour, by purchasing its own fleet of river coasters and a transhipper, thereby enhancing efficiencies in the export logistics process. This export solution does not rely on 3rd party contracted river barges or smaller geared Ocean-Going Vessels which are less efficient.  With the new logistics solution, Capesize vessels are able to be loaded efficiently at a deep-water anchorage at Freetown Harbour on a consistent and stable basis.

Frederic Lotti, Marampa Mines’ COO and the Group’s Global Head of Investments, said: “I am pleased that ‘Marampa BlueTM’ high grade iron ore concentrate routed through the Thofeyim River Terminal and the Loko river completed loading on a Capesize vessel for the very first time in the history of Marampa, and set sail on Thursday evening, the 28 October 2021. Loading capesize vessels will materially improve efficiencies in our overall supply chain, a key objective not only in reducing our operating cost, but also in advancing our ESG plan and minimising our carbon footprint”.

Timothy Musa Kabba, Minister of Mines and Mineral Resources in the Sierra Leone Government, added: “Sierra Leone’s economic growth is largely based on export earnings from natural resources, particularly from iron ore. My ministry continues to work on the development of the mines and mineral resources sector at a key time in Sierra Leone’s pathway to economic stability and recovery. The restart of Marampa Mines represents a crucial step forward in our new direction”.

With the export of the current Capesize, Marampa Mines is about two-thirds through exporting its initial “Stockpile” of ~707k tonnes of iron ore concentrate, beneficiated by SL Mining Limited and known as Marampa BlueTM, following an out of court settlement, which ended a long-standing dispute between the Government of Sierra Leone and SL Mining. As per the “Contract Regarding Sale of Iron Ore Stockpile” signed on 25 May 2021 pursuant to the binding settlement signed on 7 May 2021, the Company has paid USD 10 million to the Government on 29 October 2021, the first installment of a fixed sum of USD 20 million as the Stockpile is monetised, and the second installment of USD 10 million by 31 December 2021.

Marampa Mines successfully restarted mining and processing of Marampa BlueTM on 1 September 2021, and will raise production of >65% iron ore concentrate from 2M tonnes per year to 3.25M tonnes per year within 12 months. MML will concurrently look at options to implement major expansions to leverage on its compliant mineral resources of approximately 1.7B tonnes of ore. Today, MML employs around 800 people on-site, of which approximately 90% are Sierra Leoneans, and the Project is expected to create a total of 1,400 jobs by early 2022.  The Company is implementing a comprehensive modular training program for Sierra Leonean staff, including training women for the workforce and within the community.

Media enquiries:  E-mail media@marampamines.com or media@gerald.com, Tel: +44(0)203 805 2000 or view https://marampamines.com/gallery/.

 About Marampa Mines Limited

 Marampa Mines Limited a subsidiary of Gerald Group Limited, is engaged in the development and production of iron ore concentrate from estimated resources of approximately 1.7B tonnes at Marampa in the Port Look District of the northern province of Sierra Leone. The Company, 90% owned by the Gerald Group, with the remaining 10% owned by the Government of Sierra Leone, is committed to being a globally competitive, world-class iron ore concentrate producer. Through sustainable investment, expertise and long-term commitment to the Marampa Project, MML aims to materially increase production of >65% Fe quality iron ore concentrate branded Marampa BlueTM, among the highest quality in Africa and one of the cleanest grades globally. The Company aims to be a significant contributor to Sierra Leone’s economy and local communities. ESG initiatives are aimed at embracing the challenges relating to climate change, women advancement, farming and education to build a better and sustainable future where the Company operates.


July 4, 2021
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Marampa Mines loads first OGV for export of iron ore from Sierra Leone

 

Lunsar, Sierra Leone, 4 July 2021: Marampa Mines Limited, (“MML”, “Marampa Mines” or “the Company”) a subsidiary of Gerald Group (“Gerald”), one of the world’s leading metals merchants, is excited to announce the arrival of its first Ocean Going Vessel (“OGV”) and the kick off of its first day of loading >65% Fe iron ore concentrate at Delta 1 anchorage point in the Port of Freetown, Sierra Leone. The premium grade material will be MML’s first shipment to leave the shores of Freetown Port following the out of court settlement of the dispute between the Government of Sierra Leone and SL Mining Limited / Gerald Group. Over the following months, MML will export the current “Stockpile” of ~707k tons of iron ore beneficiated by SL Mining and known globally as Marampa BlueTM.  The export of the Stockpile is in accordance with the “Contract Regarding Sale of Iron Ore Stockpile” signed on 25 May 2021 pursuant to the binding settlement  signed on 7 May 2021.  As per the binding settlement, the Company will pay to the Government a fixed sum of USD 20 million in two instalments of USD 10 million by 31 October 2021 and 31 December 2021, respectfully as the Stockpile is monetized.

Craig Dean, the Chairman and CEO of Gerald Group said, “Today marks the restart of iron ore shipments, and as we look to the future, all of us at MML and Gerald are excited about this 1st shipment in 2021 and as we progress to the re-opening of the mine once the mining license is issued in accordance with the applicable laws and the binding agreement.  I would like to thank His Excellency Julius Maada Bio for the opportunity to settle all disagreements of the past, and his full support that allows our export operations to re-start in record time.”

 

The team is also working quickly and safely to resume iron ore mining and processing at the mine site, initially set for 2Mtpa capacity, rising to 3.25Mtpa within 12 months, creating in the process over 1,400 jobs and a workforce with over 90% local employees and contractors this year. In the spirit of the resolution and under the signing of a binding agreement by both parties on 7 May 2021, both parties committed to terminate their respective legal proceedings and claims under ICC and ICSID arbitrations, and to provide full support to ensure rapid commencement of mining operations. Gerald owns 90% of MML while the Government of Sierra Leone owns the remaining 10%.  In addition, MML also gets what is known as the Marampa South and Marampa North mining concessions.

Marampa Mines is engaged in the exploration, development and production of iron ore concentrate from resources of over 1 billion tonnes at Marampa in the Port Loko District of the northern province of Sierra Leone. The Company is committed to being a globally competitive, world-class iron ore producer. Through continued investment, expertise and long-term commitment to the Project, MML aims to materially increase production of >65% Fe quality iron ore concentrate branded Marampa BlueTM, the highest quality iron ore in Africa and one of the cleanest grades globally. The Company’s ESG initiatives are aimed at embracing the challenges relating to climate change, gender diversity, sustainable farming and education through development of sustainable projects that make a difference to communities.

E-mail media@marampamines.com or media@gerald.com for press enquiries.

About Gerald Group

Gerald Group aims to contribute to world trade and economic development in a sustainable and responsible manner. Founded in 1962 in the U.S. and headquartered in the U.K., the Group is the world’s oldest and largest independent and employee-owned metals trading house. Gerald is a dedicated and trusted partner to leading miners and processors, industrial consumers and major financial institutions and has market presence in all regions of the world. The Group operates trading hubs in Shanghai, Stamford and Switzerland for the merchanting of non-ferrous, ferrous and precious metals and related concentrates and raw materials. Gerald’s global footprint, expert market intelligence, experienced and innovative trading desks combined with logistics, storage and structured finance solutions to enhance the business’ capability to provide customers access to a diverse and steady supply of resources.


May 10, 2021
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FOR IMMEDIATE RELEASE – Freetown and London, 10 May 2021: Gerald Group (“Gerald”), the world’s largest independent, employee-owned metals trading house, is delighted to announce that the long-standing dispute between the Government of Sierra Leone (the “Government”) and SL Mining Limited (“SL Mining”) / Gerald Group (“Gerald / the Group”) has been amicably resolved in the best interests of the people of Sierra Leone, the Government and SL Mining/ Gerald Group. A binding agreement was signed by both parties on Friday, May 7, 2021.

In the spirit of the resolution, SL Mining / Gerald Group and the Government will withdraw their respective legal claims / allegations under both ICC and ICSID arbitrations, and both Gerald and the Government will provide full support to ensure a rapid commencement of mining operations.

The negotiated amicable out of court settlement entails broadly the following terms (amongst others):

  • All legal cases and /or allegations between the parties will be indefinitely withdrawn.
  • A new company (“NewCo”) will be formed wherein Gerald Group will own 90 percent interest and the Government will own a 10 percent non-dilutable interest.
  • NewCo will take over all assets and rights of SL Mining, which include Marampa North, Marampa South, and all property plant and equipment.
  • Gerald has committed to increase materially the production of Marampa.
  • NewCo to begin operations by 1st of June 2021.
  • Gerald will have the immediate right to ship the current stockpile, which is ~707k tons of iron ore.  Gerald will pay a fixed sum of USD 20 million in two instalments of USD 10 million prior to 31 December 2021.
  • Gerald / NewCo will negotiate during the course of May 2021 a new Mining Lease Agreement that will be a win-win for the Government and Gerald.

Mr. Craig Dean, Gerald Group’s Chairman and Chief Executive Officer, stated, “I am delighted that we have been able to resolve our differences and have a fresh start and new beginning with the Government of Sierra Leone. I would like to thank His Excellency, President Bio, for personally working with me and the team to resolve this long-standing situation in the best interests of the people of Sierra Leone, the Government and Gerald Group / SL Mining. We look forward to a positive long-term working relationship”.

We wish to use this opportunity to assure that SL Mining / Gerald will work with the Government so that SL Mining’s employees and service providers are not disadvantaged in conjunction with this change in operating status and Settlement Agreement.

Further details will be made available soon.

 

For further information, please visit www.gerald.com / slmining.com, or contact:  media@gerald.com  / media@slmining.sl

 

About SL Mining Limited

SL Mining is a wholly-owned subsidiary of Gerald International Limited, which is the holding company for all entities in Gerald Group. The Group is one of the world’s leading commodity groups, and the oldest and largest employee-owned metals merchant in the world.  SL Mining restarted production at the Marampa Project after 4 years, following earlier failed attempts by other international companies.  SL Mining began marketing and shipping premium grade >65% iron ore concentrate to steel miles in China in June and July 2019 from the Marampa Project.

About Gerald Group

Gerald Group aims to contribute to world trade and economic development in a sustainable and responsible manner. Founded in 1962 in the United States, the Group is the world’s oldest and largest independent and employee-owned metals trading house. Headquartered in London, the Group is led by Chairman and CEO Craig Dean. Gerald is a dedicated and trusted partner to leading miners and processors, industrial consumers and major financial institutions and has market presence in all regions of the world. The Group operates trading hubs in Shanghai, Stamford and Switzerland for the merchanting of non-ferrous, ferrous and precious metals and related concentrates and raw materials. Gerald’s global footprint, conservative risk management culture, expert market intelligence, deeply experienced and innovative trading desks combined with logistics, storage and structured finance solutions, are complimented by strategic relationships, enhancing the business’ capability to provide customers access to a diverse and steady supply of resources.


August 3, 2020
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3 August 2020 – Lunsar, Sierra Leone and London, UK: SL Mining Limited (“SL Mining” or the “Company”), a wholly owned subsidiary of Gerald International Limited (“Gerald”) headquartered in the UK, confirms that the employees reported on 16 May 2020 as having been arrested on 13 May 2020, and those arrested on 3 June and 28 June 2020, jailed and then bailed have all now been released without any charges being brought and the cases against them have been closed.

On 24 July 2020, the Government of Sierra Leone (the “Government”) closed the cases concerning the arrested SL Mining employees without any charges being brought. The bail conditions were removed, and SL Mining’s employees were permitted to return to the Marampa mine site.

SL Mining is grateful to the Government for taking these latest steps as the arrests and detention of SL Mining’s employees should never have happened and this is now recognised by the Government in closing the cases.

We note the recent changes taking place in Government and welcome this as a positive opportunity to work towards achieving a restart of exports and bringing our employees back to work.  SL Mining and Gerald remain fully committed to Marampa, the surrounding community, and Sierra Leone as a whole, and look forward to working to bring the Marampa mine back to production, which will create thousands of local jobs in the surrounding community.

For information visit: https://marampamines.com

Press enquiries: media@slmining.sl ; media@gerald.com