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Marampa Mines Limited (MML), a leading iron ore operation in Port Loko District, has denied recent rumours circulating on social media claiming that a majority stake in the company has been sold to new investors.
In a statement released on April 20, 2025, the company said the claims are “categorically untrue,” affirming that no shares have been or will be sold or transferred. The company’s ownership remains unchanged, with 90 percent held by Gerald Group and 10 percent by the Government of Sierra Leone.
The statement, attributed to Marampa Mines Limited, emphasized that Gerald Group and MML do not typically engage with speculation or misinformation. However, the company said it was necessary to respond because the rumours appeared aimed at undermining public confidence and affecting the morale of its workforce.
“We urge the public, our employees, and partners to disregard these false reports and rely only on official communications issued by Marampa Mines Limited,” the statement read.
Marampa Mines Limited operates one of the largest high-grade iron ore projects in West Africa. The company highlighted its commitment to sustainable mining practices, community development, and environmental responsibility. It also emphasized ongoing investment in modern technology and long-term growth initiatives.
Through these efforts, the company said it aims to set new standards for the global mining industry, while assuring stakeholders that its ownership and operations remain stable.
