widespread violence has ended in Liberia, the risk of conflict still persists. The recent upsurge in violence, particularly around the elections at the end of 2011, has exposed underlying …
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HPX completes acquisition of St John River iron ore licenses in Liberia ... ... © smfg 2024
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The fair market value will be: - in the case of a sale to a non-affiliate f.o.b. Liberia, the actual sales price paid or payable f.o.b. Liberia; - in the case of a sale to an affiliate f.o.b. Liberia in connection with a back-to-back sale to a non-affiliate f.o.b. Liberia, the actual sales price paid or payable f.o.b. Liberia to the affiliate ...
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According to maps and diagrams, SOLWAY is encroaching upon the Blei Concession area, totaling 5574 hectares, tied to the claim during the Sirleaf era when an iron …
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Monrovia – A FrontPageAfrica investigation has found that Solway Mining Incorporated, the controversial company, aggressively encroaching on the steel giant, ArcelorMittal's iron ore concessions in Liberia, has been linked to Estonian multimillionaire businessman, Aleksandr Bronstein, who has strong ties to the inner circle of Russian President, Vladmir Putin, including …
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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% …
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Sesa Goa Iron Ore, a Vedanta Group company, is engaged in exploration, mining and processing of iron ore. The company was founded in 1954, as Scambi Economici SA Goa. Since then, it has grown to be one …
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A Chinese mining firm has carried out its first Shipment of Iron Ores from Liberia. China's Baowu Group-backed Bao Chico Resources Liberia Company completed its first shipment of iron ores from the Bong mine area this week. ... Since then, the iron ore concession – the area where the ore mining was done – only boasts of idle machines ...
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The project, with a capacity of 15 million tonnes of iron ore concentrate, is making steady progress and is expected to be commissioned in Q4 2024. The project consists of a state-of-the-art concentrator plant along with augmentation of the existing rail and port infrastructure to support the production and shipping of the concentrated ore.
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It was the first of a number of big investments in Liberias iron ore sector, seen as a trendsetter for investors that followed. Under its agreement with the Government of Liberia, negotiated in 2005 (a re-negotiated contract was signed in 2006), the worlds largest steel producer ArcelorMittal obtained a 25-year concession for iron ore extraction.
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On September 23, 2011, the company made headlines with its first shipment of iron ore to Asturias, Spain, symbolizing the revival of Liberia's mining industry after a 20-year hiatus. This momentous occasion marked the return of Liberia to the global iron ore market.
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Rep. Sokan said he being informed about efforts to address the issues confronting the Putu Iron Ore Mining. Rep. Sokan however expressed optimism that the government will address the payment of liabilities through a budget approbation to ensure that the holder of the contract meets all of the liabilities to have a new concession agreement.
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Iron Ore Mining concessions in Liberia namely Bomi, Bea, and Mano in 2011 however, the operations could not be started due to outbreak of Ebola epidemic. The R & R (reclamation and rehabilitation) potential of all the three concessions is currently estimated at 3.8 BnT (billion tonnes) with a possibility
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Liberia – The administration of President Joseph Boakai is facing serious allegations of corruption as a controversial scheme to sell the Putu Mountain iron ore concession for $2 billion has reportedly backfired, drawing scrutiny from various stakeholders. ... Historically, Severstal acquired the Putu Mine from Afferro Mining for $122 million ...
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Liberia's Ministry of Planning and Economic Affairs estimated that the country's six major iron ore concessions would together generate only $129 million of government revenue (Government of Liberia, 2010, p. vii). Second, the government revenues that are generated via taxes on foreign investment are not used for specific infrastructure ...
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According to maps and diagrams of the area, SOLWAY is encroaching upon the Blei Concession area, totaling 5574 hectares, which was tied to the claim during the Sirleaf era when an iron ore exploration permit was allegedly given to Mount Bele Resources and subsequently canceled due to encroachment on AML's concession area.
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MONROVIA – As the beef between ArcelorMittal Liberia and Prista Port remains outstanding over the Port of Buchanan, the Liberian government has urged the iron ore company to be in full compliance with its Mineral Development Agreement, as the company has threatened to halt phase two of its investment in Liberia. The concession agreement with
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The company's previous request to mine iron ore outside of its legally approved concession area in the northern Nimba belt has been rejected numerous times by authorities …
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Not only was the deal irregular and highly suspicious but the total $123.5 million Sesa Goa Limited, a subsidiary of Vedanta Resources Plc that acquired Western Cluster Limited, paid for one of the largest remaining iron ore deposits in the world, was a fraction of the potential value of the 3 billion tonne reserve, yet, Gesler Murray, the ...
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Monrovia – Shortly after a Global Witness report linked Andrew Groves and Sable Mining Africa Ltd to a 2016 allegation that it bribed key Liberian government officials in a bid to acquire an iron ore concession in northern Liberia, the South African-based company was delisted from shareholders on the Stock Exchange. Report by Rodney D.
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Monrovia – A FrontPageAfrica investigation has found that Solway Mining Incorporated, the controversial company, aggressively encroaching on the steel giant, ArcelorMittal's iron ore concessions in Liberia, has been linked to Estonian multimillionaire businessman, Aleksandr Bronstein, who has strong ties to the inner circle of Russian …
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6 International Crisis Group (2012). Liberia: Time for much-delayed reconciliation and reform,Africa Briefing No. 88 Dakar/Brussels, 12 June 2012. ... iron ore concessions have been signed totalling nearly US$13 billion (including Arcelor Mittal and BHP Billiton). In the palm oil sector, according to recent surveys, global demand is set to ...
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GANTA: NIMBA COUNTY-Aggrieved citizens from Nimba County have rejected a section of ArcelorMittal-Liberia (AML) amended Mineral Development Agreement which grants the multibillion dollar company an extension of its iron ore operation across their communities-threatening mass protests and complete shutdown of the company's operation."This is a …
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The iron ore company requested the government of Liberia to confirm that it has not ratified and would not ratify Prista Port concession agreement. ArcelorMittal also insists …
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On 13 November 2013, Solway Investment Group submitted a Notice of Arbitration to the Government of Liberia "in the hope of resolving a dispute between its Liberian …
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MONROVIA – A FrontPageAfrica investigation has found that SOLWAY Mining Group, a Swiss-based mining company with a registered subsidiary in Liberia, would likely …
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ArcelorMittal produces and exports iron ore to customers in Europe and Asia and is pursuing the expansion of its operations in Liberia. Artisanal and small-scale mining (ASM), predominantly of gold and diamonds, takes place in many parts of Liberia. The sector is poorly regulated and dominated by unlicensed and illegal miners.
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The report, dubbed The Deceivers showed how in 2010 Sable hired Sherman in an effort to secure one of Liberia's last large mining assets, the Wologizi iron ore concession in northern Liberia. Sherman told Sable that in order to obtain the contract the company must first get Liberia's concessions law changed by bribing senior officials ...
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The House's decision is aimed to counter-sue the Liberian Senate on grounds that the Bao Chico Iron Ore Concession Agreement is part of "other financial bills" which, according to Liberia's 1986 Constitution, should originate from the House of Representatives. ... .The controversial Mineral Development Agreement between the Government ...
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Iron Ore Mining (or Putu) concessions. These particular concessions levy more investment dollars than any other concessions in Liberia, and they are the only companies that have started operations in the iron ore mining sector. ArcelorMittal and China Union have begun shipping iron ore. In 2013, Liberia's iron ore export was worth at least ...
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In February 2010, Elenilto was awarded a 25-year licence for the Western Cluster iron ore concession in Liberia. Critics complained that Elenilto had no technical expertise in iron ore development, despite the bid requirements including technical and managerial competence and previous successful investment and management of similar operations ...
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According to maps and diagrams of the area, SOLWAY is encroaching upon the Blei Concession area, totaling 5574 hectares, which was tied to the claim during the Sirleaf era when an iron ore exploration permit was allegedly given to Mount Bele Resources and subsequently canceled due to encroachment on AML's concession area.
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Contribute to jgw2023/sbm development by creating an account on GitHub.
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Liberia's extractive sector – comprised of mining, oil and gas, forestry and agriculture – is the mainstay of the country's economy, contributing 56.61% of national GDP in 2022. The mining sector is primarily driven by the production and export of …
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The European Union Ambassador to Liberia has warned of an eminent economic danger if the Liberian Government fails to reach an agreement on
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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 from these resources.
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Under its agreement with the Government of Liberia, negotiated in 2005 (a re-negotiated contract was signed in 2006), the worlds largest steel producer ArcelorMittal …
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Western Cluster Limited, a subsidiary of Vedanta Iron & Steel, requested the government of Liberia to cancel its $23.5 million debt it incurred more than 12 years ago due to …
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