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Mining revenues fall by eighty-five percent – Sierra Leone

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Sierra Leone’s mining revenues fell by eighty-five percent in April 2020, according to official figures released on Friday, 15 May 2020 by the Ministry of Mines.

They went from 2.24 million dollars in April 2019 to 330,000 dollars in April 2020. The country’s economy depends heavily on the mining sector which represents eight percent of export earnings.

The drop in mining revenues or exports is mainly due to restrictions imposed by the authorities to contain the Covid-19 which has infected four-hundred and eight people to date and left twenty-six dead.

Sierra Leone has banned all flights from abroad and deployed its armed forces to help enforce the closure of its borders with Guinea and Liberia, with the aim of preventing the spread of the virus.

 – APA


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