Freetown, 20th April, 2025 – Marampa Mines Limited has strongly refuted social media claims suggesting that a majority stake in the company has been sold to new investors, describing the reports as “false and malicious.”
In a statement issued Monday, the company stressed that its ownership structure remains unchanged: Gerald Group holds 90 percent of shares, while the Government of Sierra Leone retains 10 percent.
“Categorically, no shares in Marampa Mines Limited have been or will be sold or transferred,” the company declared, adding that the rumours appear intended to undermine confidence and disrupt workforce morale.
Marampa Mines urged employees, partners, and the public to disregard the speculation and rely only on official communications from the company.
The iron ore operator, based in Marampa chiefdom, Port Loko District, is one of West Africa’s most significant high‑grade projects. The company reaffirmed its commitment to sustainable mining, community development, and environmental responsibility, noting that continuous investment in technology and long‑term growth remain central to its operations.
