Dubai-Based Citigate Acquires Diamond Mine in Sierra Leone

Citigate Commodities Trading Limited, a Dubai-based company, has acquired and launched a 79.9 square kilometre diamond mine in Sierra Leone.

“We have achieved our first milestone towards our vision by launching the ‘Safa Afrique’ diamond mining project. Our vision is to bridge the gap between the GCC and African region to capitalize on the natural resources sector and this is the first step towards our success,” said Citigate International CEO Tohib Iyiola.

He added: “Our aim is to introduce new investment vehicles which can assist investors from the GCC to participate in the vast natural resources and mineral reserves in Africa. We have made it secure, flexible and transparent by introducing an investment proposition with an income guarantee backed by a bank.

“We are providing investors a platform to access the emerging market of diamond mining industry in West Africa through Citigate International Investment Trust. It is an industry which has a track record of exponential growth”.

The parent company of Citigate Commodities is Citigate International which has also launched the Citigate International Investment Trust domiciled in Hong Kong. The key strategic affiliates for the Safa Afrique project includes Noor Bank and SRK Exploration.

The site of Safa Afrique is located in Koidu, which is home to the third largest diamond, the Star of Sierra Leone. The mining project is neighbouring the largest diamond mine of West Africa which provides a competitive edge to the project.

Moreover, the initial exploration survey report by the world’s leading firm SRK Exploration has expressed their confidence in the project during their geological survey.