Sierra Leone says will no longer provide forex for mining companies importing fuel

Sierra Leone will no longer provide foreign exchange for mining companies and other large businesses to import oil as of June 1, accusing them of "stockpiling diesel fuel", its Petroleum Regulatory Agency said in a statement. Sierra Leone has a large mining industry, mainly based on diamonds, iron-ore and mineral sands. Extractives account for more than 80% of the West African country's export revenue.