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Mines and Minerals Development Act, 2022

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Summary

Replacing the 2009 Act, Sierra Leone's 2022 Mines and Minerals Development Act revamps the industry. Mandatory for all mineral activity, it sets new rules for exploration, mining, trade, and exports. From onshore resources to deep sea mining, it covers all categories of minerals. Companies must comply with licensing, reporting, environmental, and social responsibility requirements, or face penalties like fines and license revocation. This robust framework aims for responsible and sustainable mineral resource development in Sierra Leone.

Thumbnail image for Replacing the 2009 Act, Sierra Leone's 2022 Mines and Minerals Development Act revamps the industry. Mandatory for all mineral activity, it sets new rules for exploration, mining, trade, and exports. From onshore resources to deep sea mining, it covers all categories of minerals. Companies must comply with licensing, reporting, environmental, and social responsibility requirements, or face penalties like fines and license revocation. This robust framework aims for responsible and sustainable mineral resource development in Sierra Leone.
Issuer

Sierra Leone

Year

2022

Region

Africa

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Mining, Quarrying, Oil & Gas Extraction
  • Retail trade
  • Real Estate, Rental & Leasing
  • Manufacturing
Restrictiveness

High

Sustainable Development Goals (SDGs)
  • SDG 3: Good Health and Well-being
  • SDG 16: Peace, Justice, and Strong Institutions

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