Gold
Gold mining in Sierra Leone consisted of small scale operation exploiting alluvial deposits. After the end of the Sierra Leone Civil War exploration of gold grew and by 2013 to 2015 new modern mines are expected to be in production. In 2010 Cluff Gold, a British company, found gold deposits in the rocks of the southern Kangari hills and is planning to build a mechanised mine to extract it. In 2009 production levels of gold fell by 17.71 percent to 5060 Troy Ounces (157 kg) from 6150 Troy Ounces (191 kg) in 2008. This was due to a drop in mining activity in the second half of the year and was despite a rise in the price of gold on the global market. The increase in the value of gold meant gold exports were worth 15.73 percent more at US$4,764,000 in 2009 compared to US$4,116,400 in 2008.
Read more about this topic: Mining In Sierra Leone
Famous quotes containing the word gold:
“England and France, Spain and Portugal, Gold Coast and Slave Coast, all front on this private sea; but no bark from them has ventured out of sight of land, though it is without doubt the direct way to India.”
—Henry David Thoreau (1817–1862)
“How quickly nature falls into revolt
When gold becomes her object!”
—William Shakespeare (1564–1616)
“Not the gold that fastens your sandal,
nor the gold reft
through your chiselled locks
is as gold as this last year’s leaf.”
—Hilda Doolittle (1886–1961)