Sierra Leone plans to polish its diamonds to increase its earnings:
KAMPALA (Reuters) – Sierra Leone plans to introduce new laws on diamond trading to boost earnings by ensuring most of its stones are polished before being shipped out, government officials said.
President Ernest Bai Koroma, who won an election in September on a promise to tackle corruption and heal divisions in the war-torn country, said the new policy would be put before parliament “as soon as possible”.
“We have not benefited as much as we should have from our mineral resources and that is why we are going to … put in place a mining policy that will ensure that we move away from having low returns,” Koroma told reporters late on Thursday.
Interesting… but why would Sierra Leone need a law for that… why don’t they just do it? Any ideas?
