From Awareness Times Newspaper in Freetown

PAID SUPPLEMENTS
London Mining Dishes 250 Scholarships to Port Loko District in Sierra Leone
By Bampia James Bundu
Jun 21, 2010, 14:24

As part of their Corporate Social Responsibilities (CSR) of a credible mining entity and also as a commemoration of the Day of the African Child on June 16 2010, one of Sierra Leonesí leading mining companies London Mining Company (LMC) has dished out 250 (two hundred and fifty) scholarships to students of Maforki, Port Loko, Northern Sierra Leone.


According to the Communications Officer of London Mining Company, Madam Josephine Saidu, the scholarships offered targets students in primary and secondary schools and also tertiary institutions across the District.

London Minning Head of Communition Josphin Saidu Addressing the audience


She said as usual, the Day of the African child is commemorated on 16th June each year, adding that it is a concept conceived in South Africa in order to reflect on the contribution that children can make to change the status quo of a society. She went on that June 16 has been a day set aside to recognize the value of children regardless of their personal circumstances. 


Madam Saidu further revealed that LMC operations in Lunsar will yield the Government over $.200,000,000 (Two Hundred Million United States Dollars) in a period of ten year, adding that these operations would further inject an additional $.40,000,000 (Forty Million US Dollars) each year as a form of mining operation expenses.

Land Owners awaiting their payment from London Mining


Additionally Madam Saidu opined, the operatives would again create another 1,000 to 2,000 employment opportunites for Sierra Leonean youths.

 

ďThis community will benefit directly from domestic earnings, community development and social activitiesĒ she insisted. She called on the students to make good use of the scholarships, so as to set an example for their colleague students who are waiting to also benefit from this great venture.


Lawyer Olga Solomon presenting Money to one of the Chiefs


In another development in Port Loko, the sum of Le.80,000,000 (Eighty Million Leones) was paid to land owners as their yearly compensation for mining sites used by the company.


Addressing the beneficiaries, the Companyís Lawyer Olga Solomon Esq. stated that as a cause of the newly enacted Mines and Minerals Act and the exchange rate of the US Dollar in the market, the surface rent for this year has been increased.


One of the numerous Studentsí Scholarship Beneficiaries,


She admonished all the beneficiaries to work for the development of this nation, pointing out that as long as the company continues operations in the country, land owners will forever benefit from the company.


Lawyer Solomon explained that with the new Mines and Minerals Act, the percentage would be disbursed in two folds. The first fold of 50% would go to stakeholders including Paramount Chiefs (that is; 20% for constituency fund, 10% for Honorable, 10% for Maforki, 10% for Port Loko) and the second fold of 50% will go as surface rent to Landowners.


Additionally, Lawyer Solomon assured land owners that very soon the road project will be completed.

Students in Lunsar Town Hall during the Children Celebration


On behalf of his people, Regent Chief Pa Alimamy Thonkara called on his subjects to be united, adding that London Mining Company is a truly born Sierra Leonean company that is here to help Sierra Leonean get off from their suffering.


On behalf of the beneficiaries, one Mr. Abass Kanu showered praises on London Mining Company for what he described as their supportive incentives towards the people of Port Loko district. He said for the people of Port Loko District, the company should be termed as their parent based on how supportive it has been to them especially in the areas of providing safe drinking water, clinics, schools, bridges and jetties. He said today, with London Mining, a good number of people in the district could boast of owning private houses. For this, he thanked the company and assured of their formidable support for the company always.



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