Report summaryMarampa was a small capacity surface mine in the Northern Province of Sierra Leone. It is 100% owned and operated by the Timis Corporation. Operations at Marampa are currently suspended, supposedly because of sabotage. Timis Corporation also failed to make royalty payments to Cape Lambert in early 2015 which suggests the mine's owner is in financial difficulty. Because of low iron ore prices and the likelihood of financial difficulties, we do not expect this mine to restart. This is an archived version of our view of this mine as of August 2016. This analysis will be updated again if the mine re-starts production.
This report includes 2 file(s)
- Marampa iron ore mine PDF - 553.13 KB 10 Pages, 10 Tables, 3 Figures
- Marampa.xls XLS - 200.50 KB