Sierra Mineral Holdings 1 Limited (Vimetco), a bauxite mining company in Moyamba, held several meetings with Ministry of Finance and Ministry of Mines in Freetown during the first week of April 2019 regarding the company’s plan of expansion with the construction of alumina tri hydrate plant. Except production of Aluminium, alumina tri-hydrate is also widely used in refractory industry, ceramics industry, for water purification, serves as flame retardant filler and as polishing compound, etc. The construction of such plant equipped with modern technology will be the first in the development of the mining industry in the country and a unique industrial facility in West Africa.
Sierra Mineral Holdings 1 Limited initiative will be supported by Pan-African bank of development, Afreximbank, whose delegates also participated in meetings with above-mentioned Ministries.
On the 4th April 2019, His Excellency Retired Brigadier Julius Maada Bio, the President of Sierra Leone held a working meeting with the management of Sierra Mineral Holdings 1 Limited and delegates of Afreximbank, where details of the project were presented. The initiative of the aforementioned project was welcomed by The President.