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The Sierra Leone Mines and Minerals Development and Management Corporation Act, no. 22 of 2023.

Country/Territory
Sierra Leone
Document type
Legislation
Date
2023
Source
FAO, FAOLEX
Original source
Supplement to the Sierra Leone Gazette Vol. CLXIV, No. 37 dated 15th June, 2023.
Long title
An Act to provide for the establishment of the Sierra Leone Mines and Minerals Development and Management Corporation which shall carry out, through a project company, minerals and mining development, management and related associated activities on behalf of the Republic of Sierra Leone in accordance with the Mines and Minerals Development Act or any other Act, to provide for the promotion and facilitation of State participation and investment in mines and minerals development and to provide for other related matters.
Subject
Mineral resources
Keyword
Mining Business/industry/corporations Management/conservation Contract/agreement Exploration Governance Institution Minerals Research Special fund
Geographical area
Africa, Least Developed Countries, North Atlantic, Western Africa
Abstract

This Act, consisting of 31 articles and divided into six Parts, provides for the establishment of the Sierra Leone Mines and Minerals Development and Management Corporation, and for the definition of its tasks and duties, and for the facilitation of the State participation and investment in mines and minerals development. The Act concerns the establishment of the Corporation, details the tenure of its members and the meetings, defines the functions of the Board. Part III concerns the objects and functions of the Corporation, including: carrying out minerals minerals development, management and related and associated activities; establishing and maintaining a company for the purpose of prospecting, exploration and extraction of minerals and any other related and associated activities; undertaking research and propose new mining ventures; entering into any contracts, agreements or memorandum of understanding. Matters covered by this Act include: cooperation with other government agencies; funds of the Corporation.

Full text
English
Website
parliament.gov.sl