Press Releases

May 5, 2022
MML-Program_1077-1280x853.jpg

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 5, 2022
DSC_1643-cropped.jpg

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
1.jpg

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
IMG_0234-TSVIO-Loading-2-1-1280x960.jpg

  • 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.