Overview

Leone Rock Metal Group donates 20.3 billion Leones as part of community development fund for primary host communities in the Tonkolili District, Northern Province of Sierra Leone

Commitments (Constant USD, 2023)$1,371,576

Commitment Year•2022Country of Activity•Sierra LeoneDirect Recipient Country of Incorporation•Sierra LeoneSector•Unallocated/unspecifiedFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 24, 2022

Start (actual): Mar 30, 2023

End (actual): Mar 30, 2023

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned companies

Leone Rock Metal Group

Receiving agencies

Government Agencies

Government of Sierra Leone

Loan description

Leone Rock Metal Group donates 20.3 billion Leones as part of community development fund for primary host communities in the Tonkolili District, Northern Province of Sierra Leone

Narrative

Full Description

Project narrative

On May 24, 2022, Chinese mining company Leone Rock Metal Group announced that the launch of a community development fund to help local communities in Sierra Leone. The firm will put one per cent of its annual revenue into the fund to support communities in Tonkolili District in Sierra Leone's Northern Province, where the company is based. On March 30, 2023, the Leone Rock Metal Group (LRMG) officially handed over a total sum of 20.3 billion Leones as a Community Development Agreement (CDA) fund to primary host communities within their concessional areas in the Tonkolili District, Northern Province of Sierra Leone.