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Gold/Mining/Energy : DIAMONDWORKS DMW.v
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To: trilobyte who wrote (283)3/15/1999 10:46:00 AM
From: Bob Fairchild  Read Replies (2) of 413
 
The Sierra Leone government has granted concessions to Branch Energy to mine diamonds underground in Kono District and at Tongofield, both areas of rebel activity. Mineral Resources Minister Mohamed Swarray Deen said on Sunday that this would mark the first time diamonds had been mined underground since diamond mining began in Sierra Leone in 1931. "Experts from the Branch Energy head office in London are very satisfied with the results of the laboratory tests from samples of the kimberlite deposits in the Kono and Tongofield fields," Deen said. "Very soon Kono and Tongofield will resume production of diamonds." He declined to give details of the contract. Branch Energy signed a prospecting agreement with the former NPRC military government in 1995. As part of the deal, the South African mercenary group Executive 1995. As part of the deal, the South African mercenary group ExecutiveOutcomes helped the government in fighting the rebels.
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