Section 115, The Mines and Minerals Act, 2009

(1) Subject to the provisions of this Act, the holder of alarge-scale mining licence shall- (a) develop and mine the mineral deposits covered by the licence in accordance with the approved programme of mining operations and the environmental management programme; (b) commence mine development within one hundred and eighty calendar days of the registration of the licence; (c) demarcate and keep demarcated the largescale mining licence area in such a manner as (d) keep and maintain in Sierra Leone an address which shall be registered with the Director and to which all communications and notices may be addressed; (e) notify the Minister as soon as the holder commences work for profit in the large-scale mining licence area; and (f) substantially comply with any community development agreement required under this (2) The holder of a large-scale mining licence shall- (a) maintain at the address kept in accordance with paragraph (d) of subsection (1)- Obligations of (i) complete and accurate technical records of its operations in the large-scale mining licence area in such form as the Minister may approve; (ii) copies of all maps, geological reports, including interpretations, mineral analysis, aerial photographs, core logs, analyses, tests and all other data obtained and compiled by the holder in respect of the large-scale mining licence area; (iii) accurate and systematic financial records of its operations in the largescale mining licence area and such other books of accounts and financial records as the Minister may require; and if such holder is engaged in any activity not connected with its operation under the large-scale mining licence, the holder shall maintain separate books of accounts of its operations under such licence; (b) permit an authorised officer at any time to inspect the books and records maintained in pursuance of paragraph (a) and shall deliver to the Minister, without charge copies of any part of such books and records as the Minister may from time to time require and shall every six months deliver to the Director, without charge copies of records kept pursuant to subparagraphs (i) and (ii) of paragraph (a) of subsection (2); (c) furnish the Director with a copy of every annual financial report within ninety calendar 92 93 days of the end of each financial year showing the profit or loss for the year and the state of financial affairs of the holder at the end of each financial year; and (d) submit all reports as prescribed.