LETTER: Clarification
BSG Resources sadly, has a vision, not shared by all of those in the global extractive industries
BSG Resources, which has been operating the Koidu diamond mine in Sierra Leone for 14 years through its subsidiary OCTÉA, clarifies that "Panama Papers: Bracelet of business" was a gross misinterpretation of BSG Resources and its associated companies.Koidu is one of the few hard rock mechanised diamond mines in production in West Africa and uses advanced technology involving highly skilled indigenous workers. OCTÉA has invested over US$340m in Koidu to date, and recently approved an $80m investment programme to extend the life of the mine for at least eight more years, providing sustainable jobs for over 1 000 Sierra Leonean employees.As the biggest single employer in the country, OCTÉA generates vital royalty and tax revenues to a country which has been devastated by the global mining depression and the effects of the Ebola virus. OCTÉA confirms it has paid all of its tax obligations, licence fees and debts to all suppliers.In relation to BSG Resources’ operations in the Simandou i...
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