NACE argues that with good institutional reforms, Sierra Leone can increase mineral exports seven-fold by 2020. Sierra Leone’s mining performance is extremely poor as compared to Botswana, where mining contributes approximately 38% to their GDP.
Sierra Leone - Mining. Sierra Leone’s mining sector accounts for nearly one-fifth of GDP and nearly all of exports. Despite impressive export-led growth, half of the population remains in poverty.
minerals sector as a primary driving force of economic growth, job creation, technology transfer, manufacturing and industrialization. Second, the major changes taking place at the global level with respect to minerals governance should be reflected in the Sierra Leone Minerals Policy. And third, Sierra Leone’s commitment to the African .
Post-war contribution of mining & quarrying to GDP Growth averaged only 0.27% compared to 4.4% by agriculture (3.3% by crops) & 3% by services – It has been negative since 2008.
exports. Sierra Leone’s economy witnessed sharp moderation in growth in 2017, reflecting weak recovery of mineral production, particularly iron ore. Economic growth remains volatile as a result of a lack diversification in the economy due to a dependence on the mining sector. Macroeconomic imbalance also worsened in 2017 due
Number of Artisanal and Small-Scale Mining (ASM) trained (Safety Health and Environment, climate smart mining & processing methods etc.) Number: 2020 5000 Contribution increase of the Artisanal and Small-Scale Mining (ASM) sector to mineral production and other economic indicators % 2020 20
Rich in minerals, Sierra Leone has relied on mining, especially diamonds, for its economic base. The country is among the top ten diamond producing nations. Mineral exports remain the main currency earner. Sierra Leone is a major producer of gem-quality diamonds.