How it started
After a JV was formed on June 1, 2002, Koidu Limited acquired the remainder of the 20
-year mining lease agreement originally signed in 1995. After the second successful post-war democratic election in 2007, the Government of Sierra Leone undertook to review all mining agreements in the country.
The Mining Review Process commenced in July 2008 and Koidu Limited’s mining lease for the Koidu Kimberlite Project was one of the first to be reviewed. A new mining lease agreement was entered into between the Republic of Sierra Leone and Koidu Limited on 6 September 2010. The term of the mining lease was extended to 22 July 2030 and may be renewed for a further period of 15 years.
Initial Operations
After the end of the civil war in Sierra Leone in 2002 – and once the country had joined as a participant of the Kimberley Process Certification Scheme in 2003 – Koidu Limited was the first commercial diamond mining company to invest in the development of the resource sector in Sierra Leone, focusing initially on the kimberlite deposits at Koidu.
Corporate Identity
From Wikipedia’s article on Koidu Limited, shared under CC BY-SA 4.0.2