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CTC Mining pays Le1.9B surface rent to Marampa, Mafokie chiefdoms

HomeAYV NewsCTC Mining pays Le1.9B surface rent to Marampa, Mafokie chiefdoms

CTC Mining pays Le1.9B surface rent to Marampa, Mafokie chiefdoms


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Guest Writer February 1, 2023

The Commodity Trading Company (CTC) Mining has paid 1.9 billion old leones as surface rent payment to residents of Marampa and Mafokie chiefdoms in the Port Loko district.

The Bauxite Mining Company is expected to create more opportunities, and employment is embarked on infrastructural development and capacity building for residents with modern mining skills development in that part of the country.

The Port Loko District Council hall was filled with government dignitaries and other prominent personalities within the district who expressed nice sentiments about the company’s development efforts.

Since the closure of Sierramin Mining Company, most of the residents had been unemployed, this according to local authorities has hurt their daily survival, hence the introduction of the production of CTC mining.

Country Representative of Commodity Trading Company Mining, Fassally Tawarallie said the payment of the 1.9   billion old leones was for them as  CTC mining company to undertake a large-scale bauxite mining project in the Maforki and Marampa chiefdoms in the Port Loko district, noting that they will start operations soonest and residents will have the opportunity to reap the benefits of the natural resource and gain maximum training from the company.

Authorities of the two chiefdoms said they will use the surface rent money to help develop their communities, as reviving Bauxite mining production in the district was the answer to their long-awaited desire.

Paramount Chief Bai Koblo Queen II of Marampa chiefdom in the Port Loko district said his role was to ensure that they benefited from the natural resources in their land and embrace the company in return.

Resident Minister North West who doubles as the Presidential Spokesperson, Alhaji Alpha Kanu, described the event as a landmark occasion for stakeholders of the three chiefdoms because CTC Mining Company made a huge investment in those chiefdoms by making huge starts in its development strides just within one month of operation.

Security personnel within the district pledged to the community to protect and preserve the integrity of the CTC mining company.

They also called on the youth to take a good chance of the opportunity in their corridors.

CTC mining company is the largest extractive mining company in Turkey and fourth in the world, so their operation in the two chiefdoms in the Port Loko district is a laudable one.

As they will be producing over seventy million tons of commercial bauxite every year, the company believes that bauxite is the best and only material for making aluminum metal and it is used in the chemical industry, refractory brocks, abrasive, cement, steel, and petroleum. Lateritic bauxite is often used as a building material.

“Having more mining operations in the country is crucial for the government revenue generation drive, but community ownership and collaboration with miners are considered vital to sustainable mining operations,” Local Authorities said.

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