Leone Rock Metal Group donates 20.3 billion Leones as part of community development fund for primary host communities in the Tonkolili District, Northern Province of Sierra Leone

$20.3M USD

Funder	Leone Rock Metal Group
Recipient Organization	Government of Sierra Leone
Country	Sierra Leone
Start Date	May 24, 2022
End Date	Sep 15, 2033
Duration	4,132 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`103498`

Grant Description

On May 24, 2022, Chinese mining company Leone Rock Metal Group announced that the launch of a community development fund to help local communities in Sierra Leone.

The firm will put one per cent of its annual revenue into the fund to support communities in Tonkolili District in Sierra Leone's Northern Province, where the company is based.

On March 30, 2023, the Leone Rock Metal Group (LRMG) officially handed over a total sum of 20.3 billion Leones as a Community Development Agreement (CDA) fund to primary host communities within their concessional areas in the Tonkolili District, Northern Province of Sierra Leone.

📚 Sources & References

Chinese company launches development fund to support communities in Sierra Leone
LEONE ROCK METAL GROUP PAID OVER LE 20 BILLION AS1% TO CONCESSIONAL COMMUNITIES
Leone Rock miner gives Le20 Billion to a community in northern Sierra Leone
Leone Rock Metal Group Pays Over Le 20 Billion to Concessional Communities Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.