Sierra Leone is reviewing its mining agreements as the government looks to increase revenue from the country’s mineral wealth.

Finance Minister Karefa A.F. Kargbo said the review forms part of preparations for the FY2027 national budget. He said mining generates more than US$1 billion in annual mineral exports, while the extractive sector has contributed about 7% of domestic revenue, according to figures presented during national policy hearings.

The government says it wants to examine whether existing fiscal arrangements are delivering an appropriate return to the state while maintaining an environment that supports investment and increased production.

The review will also consider tax exemptions, customs operations and revenue-collection systems, as authorities seek to strengthen domestic revenue mobilisation.

Kargbo said the Extractive Industry Revenue Act would provide an important reference as the government assesses arrangements governing the mining industry.

The mining review is expected to form part of Sierra Leone’s wider FY2027 strategy to expand fiscal space and strengthen the link between mineral production and national development.