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 ...
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); …
iron ore concession canceled liberia 2012
Footnote 70 Building on the initial work of Bunte and colleagues we need careful welfare assessments of the impact of Liberia's concessions. Footnote 71 Lanier, Mukpo, and Wilhelmsen's case studies of palm oil and iron ore concessions in Liberia raise concerns about inadequate compensation for landholders, limited positive spillovers, and ...
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 …
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 …
Senate Ratifies BAO Chico Iron Ore Concession for Gbarpolu County
Majority members of the Liberian Senate Tuesday voted to ratify BAO Chico iron Ore Concession agreement for Gbapolu County. The Concession is a 25-year agreement and is expected to earn Liberia millions of dollars over the years. ... The Mineral Development Agreement between the Government of Liberia and BAO CHICO …
The case of Liberia's western cluster iron ore deposits
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 ...
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 …
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 ...
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: 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 ...
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: 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 ...
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 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 …
Community Relations in the Putu Iron Ore Mining …
Crucially, the MDA also details that PIOM will make an annual 'community funding obligation,' which increased to $1.5 Million USD in 2013 and will reach $3 Million USD in …
Extracting Iron Ore: Liberia lost $23.5 million through illegal …
By S. Karweaye. Liberia has abundant natural resources. For many years the country was among the largest producers of iron ore in Africa, and in 2020, Liberia exported $322M in Iron Ore, spurred by growth in demand for metals in Europe and Asia making Liberia the 19th largest exporter of Iron Ore in the world. The main destinations …
Corridors, Concessions, and the Extraction of Natural Resources in Liberia
The granting of a concession for iron ore extraction after World War II, which gave access to land for mining to US investor Lansdell K. Christie, a former US Army officer and founder of the Liberia Mining Company (LMC), was not the first concessionary agreement Liberia made to an American private investor.
Prosperity or Plunder: The Case of Liberia Western Cluster Iron Ore …
After the termination of Delta Delta Mining Consolidated from the Western Cluster iron ore project bid, the United Kingdom-based Sable Mining bought a 36.5 percent stake in Delta Mining Consolidated in 2010 for US$36.9 million and set its focus on Wologizi, a mountain situated in Lofa County. It is viewed as the final significant …
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.
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.
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% …
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 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 ...
Corridors, Concessions, and the Extraction of Natural …
Liberia had abundant natural resources, such as iron ores, gold, diamond, and timber, and the proponents of the open door policy believed that the only way Liberians could benefit from these resources was to open up the country to foreign direct investment. Once prospectors discovered commercial iron ore deposits, the government and the LMC ...
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 …
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 ...
Liberia: Senate Ratifies Bao Chico Iron Ore Concession for …
Majority members of the Liberian Senate Tuesday voted to ratify BAO Chico iron Ore Concession agreement for Gbapolu County. The Concession is a 25-year agreement and is expected to earn Liberia ...
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 …
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% …