On March 12, Sierra Rutile announced in the Australian Stock market that a company owned by U.S. Mining Mafia, Craig Dean, PRM Service LLC, had purchased an 8.19% share in the company, leading to concerns of a potential takeover.
The move was described as “unsolicited” by the company, raising questions about Dean’s intentions in the Sierra Leone mining sector. Investigations revealed that PRM Service LLC, registered in the Commonwealth Republic of Puerto Rico, is associated with Gerald Group, of which Craig Dean owns 75%. Despite this connection, it was noted that Craig Dean is the authorizing person behind PRM Service LLC, leading to accusations of gangsterism in the mining sector.
Following inquiries from journalists about his involvement with PRM Service LLC, Craig Dean failed to respond, further deepening suspicions about his motives.
Subsequently, an update was made on March 14 in the Australian Stock market regarding Craig Dean’s status with PRM Services LLC, indicating a decrease in PRM’s voting power to 6.15% and confirming Dean’s relevant interest in the company.
Craig Dean has also nominated himself, along with Wara Serry Kamal, Stephen Palmer, and Zhaoyin Jing, as Directors of Sierra Rutile, representing PRM. Questions have been raised about Wara Serry Kamal’s experience in mining issues, with some experts questioning her qualifications, while others highlight her expertise in company law.
Craig Dean’s previous involvement in the Sierra Leone mining sector, particularly with SL Mining and the Timis Corporation, has raised concerns about his track record. In 2017, Dean and Frank Timis were taken to court by Cape Lambert, further highlighting the controversial nature of their operations.
Despite SL Mining’s out-of-court settlement with the Sierra Leone government, concerns remain about the lack of dividends provided to the government since Marampa Mines began operations in the country. Allegations that the jets purchased by Craig Dean are being used by Marampa Mines, without benefiting the government, have further fueled suspicions of illicit activities in the sector.
As more details emerge about the US-supported mining mafia in Sierra Leone’s mining sector, concerns about gangsterism and unethical practices continue to grow. The need for transparency and accountability in the industry is more pressing than ever, as stakeholders seek to prevent exploitation and ensure fair and responsible mining practices in the country.
