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Marampa to restart as iron ore hits new highs

The Marampa iron ore mine in Sierra Leone is set to restart after the owner, metals trading house Gerald Group, agreed an out of court settlement with the country’s government following a protracted disagreement over royalty payments.

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Gerald Group, which controls Marampa's former operator SL Mining, said it had agreed a legal truce with Sierra Leone's government on May 7 - meaning all legal action between the two parties would be