Koidu Holdings Mining Company has increased its investment scale in Sierra Leone.
In merely less that one year since the commencement of the implementation of the expansion plan in Sierra Leone, the company has increased its investment in the country by completing the construction of the 180 tons per hour plant, whilst the rest of the infrastructure is nearing completion.
The plant, which is more than three times its current 50 tons per hour plant, has already commenced operations.
|The 108 tons per hour plant
In announcing the commencement of the expansion plan, the company’s Chief Executive Officer (CEO), Mr. Jan Joubert, said the company has convinced the shareholders and financiers that this is a good investment and they delivered on their commitment to provide the required capital, adding that it is now up to the company to deliver on its commitments.
According to him, approximately a year ago, Koidu Holdings announced its plan to invest an additional $200 million in its Koidu Kimberlite Project to unlock its full potential.
Besides its various projects, he went on, the company has unveiled many developments for its host communities, adding further that the construction of a new 180 TPH plant and the development of the relevant support infrastructure such as workshops, stores, and training facilities, change rooms, dining areas, clinic, office blocks and power generation facilities constituted an integral part of that plan.
Mr. Joubert noted that, the achievement of this impressive accomplishment represents more than just a fulfillment of the company’s commitment to its shareholders and financiers.
“It provides an astonishing example of what could happen when you have an investor with genuine intentions and both the economic and human resource capability to deliver on its commitment to all stakeholders” said Mr. Joubert
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Newspaper in Freetown, Sierra Leone.