The loan carries an attention rate of 8% every year with case look at solution important and interest paid to support socio financial advancement initiatives in Sierra Leone. However, upon capsizing of case look at answer dredge, TRG in 2008 secured a moratorium on fee of case study solution attention with GOSL, thus impeding our nation’s advancement. It is envisaged that any reforms in case look at solution mining area particularly as relates to TRG’s rutile mining operations must make sure a go back to case study answer status quo ante were case study solution company is made to pay royalties as in the beginning agreed instead of case study answer bogus fairness stocks in SRHL, divestiture of shares in case study answer SRHL brand, recession of moratorium of interest bills on case examine answer EU loan, repeal of tax subsidies and concessions and larger transparency and regulation by case look at answer Anti Corruption Commission ACC to make sure compliance with case study solution phrases of mining agreements in case study solution country. As formerly postulated in my article “Enterprise Risk Management: a countrywide Risk Management and Insurance Strategy for Sierra Leone” , case examine answer nation needs a countrywide risk management and coverage workplace to serve as a repository of governmental contracts and agreements; provide technical risk management and insurance overview of all past, present and future governmental contracts; deliver insurance and loss handle oversight of all governmental contracts to make sure compliance with appropriate terms and conditions. For with such an agency in lifestyles in our nation unconscionable agreements, moratoriums and case look at solution 2004 First Amendment Agreement would by no means have been swept over case look at solution heads of our nation. It is now of case look at answer utmost urgency that case study answer Minister of Mines and case study solution accomplished executive embark upon a brand new round of negotiations with TRG to be sure that case examine answer pursuits of case look at solution individuals of Sierra Leone are thoroughly covered and agreements as negotiated by Mr.
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