![]() ![]() Iron ore production dropped, due to low global prices and high costs, driven by the epidemic.Ī long-term shutdown of the industry would badly hurt the economy because it supports thousands of jobs and creates about 20% of GDP. In 2014, rapid spread of Ebolavirus caused a contraction of economic activity in several areas, including transportation, health, and industrial production. The country’s principal exports are iron ore, diamonds, and rutile, and the economy is vulnerable to fluctuations in international prices. ![]() In recent years economic growth has been driven by mining – particularly iron ore. The country possesses substantial mineral, agricultural, and fishery resources, but it is still recovering from a civil war that destroyed most institutions before ending in the early 2000s. Sierra Leone is extremely poor and nearly half of the working-age population engages in subsistence agriculture. The government’s stated priorities include furthering development – including recovering from the Ebola epidemic – creating jobs, and stamping out endemic corruption. ![]() In March 2014, the closure of the UN Integrated Peacebuilding Office in Sierra Leone (UNIPSIL) marked the end of more than 15 years of peacekeeping and political operations in Sierra Leone. The armed forces remained on the sideline during the 20 national elections, and deployed over 850 peacekeepers to the African Union Mission in Somalia (AMISOM).Īs of January 2014, Sierra Leone also fielded 122 staff for five UN peacekeeping missions. The military, which took over full responsibility for security following the departure of UN peacekeepers at the end of 2005, is increasingly developing as a guarantor of the country’s stability. The colony gradually expanded inland during the course of the 19th century independence was attained in 1961.ĭemocracy is slowly being reestablished after the civil war from 1991 to 2002 that resulted in tens of thousands of deaths and the displacement of more than 2 million people (about a third of the population). After the abolition of the slave trade in 1807, British crews delivered thousands of Africans liberated from illegal slave ships to Sierra Leone, particularly Freetown. Originally the trade involved timber and ivory, but later it expanded into slaves.įollowing the American Revolution, a colony was established in 1787 and Sierra Leone became a destination for resettling black loyalists who had originally been resettled in Nova Scotia. 29, the first shipment of iron ore from the project set sail for China.The British set up a trading post in the vicinity of present-day Freetown Sierra Leone, in the 17th century. The project will boost the iron and steel industries both in Sierra Leone and China, said Zhao. The Chinese company’s Chief Executive Officer Zhao Ting said the project covers an area of 408 square kilometers (40,800 hectares) with a resource capacity of 13.7 billion tons, and is also equipped with a complete railway and port logistics transportation system. The New Tonkolili Iron Ore Project, which is invested and operated by Kingho Investment Company Limited (Kingho), a Chinese-owned private company, started operation in September last year. (Xinhua)Ī Chinese-funded iron ore project in Sierra Leone on Saturday announced the commencement of its full-scale operation. The Chinese-funded New Tonkolili Iron Ore Project in Sierra Leone on Saturday announced the commencement of its full-scale operation. (Xinhua) Staff members of the Chinese-funded New Tonkolili Iron Ore Project and Sierra Leonean officials pose for group photos at the site of the project in Freetown, Sierra Leone, March 20, 2021. Staff members of the Chinese-funded New Tonkolili Iron Ore Project and Sierra Leonean officials pose for group photos at the site of the project in Freetown, Sierra Leone, March 20, 2021. ![]()
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