Sierra Mineral Holdings 1 Limited (hereinafter referred to as SMHL) a subsidiary of the Vimetco N.V , a private entity with major operating subsidiaries, Alro SA (88% owned) listed on the Bucharest Stock Exchange and Henan Zhongfu Industry (53.9% owned) listed on the Shanghai Stock Exchange. SMHL is one of the arms of Vimetco Holdings – one of the largest Aluminium producers in the world and has been supplying its parent holdings i.e. Alum its raw material for a production activity that brings out quality production of Aluminium to supply the global market.
Sierra Mineral Holdings 1 Limited holds this mining lease of 321.7 km2 that lies along the same belt with the World known Guinea bauxite deposit.
In 2018 we plan to produce 2.2 million tons of commercial bauxite and our resource base as in 2018 remains at 60 million tons approximately.
With respect to mining industry guidelines and standards, SMHL is fully compliant and our main operating area is in the Moyamba District in Sierra Leone, SMHL’s commitment towards community development and its upkeep is commendable. Company’s environmental and safety policy statement is well rounded and precise that...