Liberia and Concession Agreement: The Case of MITTAL STEEL
The firm said the expansion agreement is set to triple its production of iron ore in the country. The signing comes after, in 2019, ArcelorMittal threatened to freeze …
Iron ore drives Liberia's extraction boom
In May, Sesa Goa said it expected its first shipment of iron ore by March 2014. Critics also question the award of the Bong mines concession to China Union, saying the company …
Liberia 'committed' to Guinea iron ore transport
Liberia is committed to allowing iron ore from Guinea to be shipped through its ports, Liberian president Ellen Johnson Sirleaf said at a meeting between members of the two governments last week. March 26, 2014. By Generic people page. Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal …
Prosperity or Plunder: The Case of Liberia Western Cluster Iron Ore …
The western cluster iron ore project consists of three deposits, including two idle mines that span Bomi, Grand Cape Mount, and Gbarpolu Counties. The project covers the Mano River iron ore deposit (the former National Iron Ore Company, closed in 1976); the Bomi Hills iron ore deposits (the former Liberia Mining Company, closed in 1985); …
Liberia: Western Cluster To Truck Iron Ore From Bomi …
Liberia's Finance Minister, Amara Konneh, says "if Western Cluster Limited (WCL) is allowed to undertake its proposed means of transporting iron ore from Bomi Hill Mines (by means of trucking) over its concession time period, WCL's projected capital investment will increase by US$560 million in 2-3 years and more than US$2 billion in …
Bao Chico Iron Ore Concession Sails Through Legislature
The House's agreement with the Senate on the MDA of the Bao Chico Resources Limited followed about 120 days of legal battle between the House of Representatives and the Senate over the Chico Iron Ore Concession.On November 7, 2021, the Senate-approved bill, "An Act to Ratify the Mineral Development Agreement …
Regulatory Reform in the Liberian Mining Sector: Striking the …
We currently boast four iron ore concessions and two gold concessions. However, Liberia remains virtually unexplored and thus, has great potential for …
Liberia president-elect will examine mining concessions
LIBERIA is to re-assess its mining concessions as part of president-elect Joseph Boakai's campaign promise to "rescue" the country. Reuters cited the West African politician as saying he wanted to tackle issues hanging over the country including how mining concessions could benefit Liberia's people. Boakai, 78, a former vice president …
A Framework to Approach Shared Use of Mining-Related …
101Sophie Thomashausen and Alpa Shah, "A framework to approach shared use of mining-related infrastructure: Case study: Sierra Leone," CCSI (2014). 102Ministry of Planning and Economic Affairs, "Liberia's Vision for Accelerating Growth: Development Corridors Desk Study," op cit. 103Ibid.
Local Content Policies In Minerals-Exporting Countries: …
remained small-scale and artisanal in nature. Since then, six iron ore concessions have been signed in Liberia, with an estimated value of USD 13 billion (Pailey and Siakor, 2015). Since the end of the war, the country managed to attract USD 7.6 billion in foreign direct investment particularly in the iron ore sector, accounting for 7% …
Extracting Iron Ore: Liberia lost $23.5 million through illegal …
Western Cluster Liberia, a subsidiary of Vedanta Resources PLC, requested the government of Liberia to cancel its $23.5 million debt it incurred more than 12 years …
Liberia
Overview. Liberia has rich mineral deposits. Historically, mineral extraction – particularly of iron ore, gold, and diamonds – has been a leading export sector. The major minerals are exported mainly in raw or semi-finished forms. Manganese, bauxite, uranium, zinc, and lead deposits are also present. Diamond deposits, primarily exploited ...
How Liberia is Losing $23.5 million on Illegal Debt …
The main destinations of Iron Ore exports from Liberia are France ($114M), Germany($67.4M), China ($56.2M), Poland ($43.7M), and Spain ($16M). ... The western cluster concession agreement negotiated with Vedanta by the Liberian government in 2011 gave it a 4.5 % royalty rate along with the ability to offset capital expenditures against …
Liberia grand jury indicts Sable Mining, officials for bribery
A grand jury in Liberia has indicted government officials, including the speaker of parliament and the head of the ruling party, along with London AIM-listed Sable Mining on charges including bribery.
Liberia to review ArcelorMittal concession agreement
Liberia, which has significant mining and agricultural potential, has attracted billions of dollars in resource investment since the end of a 1989-2003 civil war, mainly for iron ore and gold.
Liberia: Chinese Company Seeks 25-Yr Iron Ore Deal
A Chinese company, Bao Chico Resources, has asked the Government of Liberia to grant it a 25-year Class A mining license to extract iron ore. The company's request, which President George Weah has ...
ArcelorMittal's Ore Concentrator Will Provide Job for …
MONROVIA: As part of its phase two-expansion project, ArcelorMittal Liberia is building a modern high technology ore concentrator near is mine in Yekepa, Nimba County. The facility when completed will be producing a high-grade concentrate, which requires approximately 25 million tons annually of raw ore to produce 15 million tons of …
Liberia: Prosperity or Plunder, The Case of Liberia's Western …
The Global Witness report further revealed how Sable Mining Company wanted to get the concession rights to Liberia's Wologizi iron ore. The report says the …
Liberia, BHP sign £2 billion iron ore deal | Reuters
China Union <000036.SZ> snatched up an iron ore concession at the start of 2009 and ArcelorMittal, Russia's Severstal, and Jersey-based AmLib Holdings Plc are also active in the country.
National Bureau of Concessions (NBC)
13 *NOVEL Liberia Inc. Rice July 8, 2008 July 7, 2028 20yrs N/A N/A Inactive Mining Sector (Revision of MDA's is after every five (5) years after) 1 ArcelorMittal Liberia Ltd. Iron Ore May 16, 2007 May 15, 2032 25yrs May 16, 2007 September 18, 2013 Upcoming ongoing Review ongoing Active 2 Avesoro Resources Ltd. (Bea Mountain)
Liberia and Concession Agreement: The Case of MITTAL …
On the 10th of September 2021, ArcelorMittal signed an $800-million expansion agreement with George Weah's administration. The firm said the expansion agreement is set to triple its production of iron ore in the country. The signing comes after, in 2019, ArcelorMittal threatened to freeze its Liberian investments over a murky dispute ...
Liberia: SOLWAY Was Given Concession Previously Revoked …
Solway Mining Group is said to be a subsidiary of Solway Industries Limited that has been licensed by the Liberia Government to undertake iron ore exploration to ascertain the existence, location ...
Liberia: Past and Present
Loading iron ore at the Liberia Mining Compnay in Bomi Hill: A Liberian shoveler at LMC's Bomi Hills iron ore mine: A view of iron ore hills at Mano River, the mining area of …
Liberia in talks with Brazil's Vale on iron ore | Reuters
MONROVIA, April 22 (Reuters) - Liberia is in talks with Brazil's Vale, the world's top iron ore producer, over a possible concession and expects to make an announcement soon, the investment ...
Liberia: Solway Mining
In 2014, the Government of Liberia issued a class A mining licence (for large-scale operations) to Putu Iron Ore Mining Company, a fully-owned subsidiary of Russian steel and mining major, Severstal. Severstal had since been looking for a partner to develop the 4.4 billion-tonne iron ore resource, which has an estimated preliminary …
Liberia: Prosperity or Plunder, The Case of Liberia's Western …
Before the civil war, Liberia was the world's fifth-largest producer of iron ore and in the 1970s, Africa's leading producer of iron ore. Currently, the country has one of the largest remaining iron ore deposits in the world. The western cluster iron ore project consists of three deposits, including two idle mines that span Bomi, Grand Cape ...
Chinese Company Seeks 25-Yr Iron Ore Deal
The US$2.6 billion agreement, which was signed with the China Union in 2009 under the administration of then-President Ellen Johnson Sirleaf to excavate iron ore from the country's former Bong Mines, did not go as planned, as the company remains shut down since 2014. Since then, the iron ore concession – the area where the ore mining …
Local Content Policies In Minerals-Exporting …
remained small-scale and artisanal in nature. Since then, six iron ore concessions have been signed in Liberia, with an estimated value of USD 13 billion (Pailey and Siakor, 2015). Since the end of the war, the country managed to attract USD 7.6 billion in foreign direct investment particularly in the iron ore sector, accounting for 7% …
LIBERIA: POVERTY IN THE MIDST OF PLENTY
Mining rights to six iron ore concessions have been signed since the end of Liberia's civil war, producing an estimated $13 billion in investment values. The scale of investment capital flowing ...
Regulatory Reform in the Liberian Mining Sector: Striking the …
Liberia is a resource-rich country that is endowed with considerable natural resources, including iron ore, gold, diamond, etc. We currently boast four iron ore concessions and two gold concessions. However, Liberia remains virtually unexplored and thus, has great potential for economic growth and socio-economic development …
Prosperity or Plunder: The Case of Liberia Western Cluster Iron Ore …
In January 2008, the Liberian government declared the South African mining firm, Delta Mining Consolidated the provisional winner of a $1.5-billion bid to develop the Western Cluster Iron Ore Deposit. According to the government, Delta Mining Consolidated beat various rival bids for the Liberian concession including those from India's Tata ...
Local Content Policies In Minerals-Exporting Countries: …
Due to the civil war that lasted until 2003, much of the mining activity in Liberia until recently remained small-scale and artisanal in nature. Since then, six iron …
Liberia: Western Cluster to Comply with 'Original MDA'?
The Western cluster iron ore deposit was first acquired by Elenilto Minerals & Mining LLC, Delaware (Elenilto), who then established Western Cluster Liberia as a wholly-owned subsidiary before selling it to Sesa Goa, a subsidiary of Vedanta Resources PLC, in 2011 under the administration of the President Ellen Johnson Sirleaf without …
Chinese Company Carries Out First Shipment of Iron Ores From Liberia
The US$2.6 billion agreement, which was signed with the China Union in 2009 under the administration of then-President Ellen Johnson Sirleaf to excavate iron ore from the country's former Bong Mines, did not go as planned, as the company remains shut down since 2014. Since then, the iron ore concession – the area where the ore mining …
Liberia: Bao Chico Iron Ore Concession Sails Through …
The Supreme Court has ruled that the Senate did not violate any provision of the 1986 Constitution while ratifying the 25-year BAO CHICO Iron Ore Concession …