Iron ore
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Mittal
Resumes Full Operation in Bassa
Arcelor Mittal Steel
operating in Buchanan, Grand Bassa County has embarked on series
of development initiatives in the city aimed at improving some
of the damaged infrastructures left behind by LAMCO.
March 10, 2008
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Mittal Steel Begins Operation
Lands, Mines and
Energy Minister, Dr. Eugene Shannon, yesterday told journalists
that ArcelorMittal has already begun operations in the country.
January 18, 2008
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Mittal Steel-Liberia, the world's largest steel-producing
company, which is expected to resume operations in the country,
has for the first time
unveiled a big development package for Liberia (....) a
deepwater port will be rehabilitated in Buchanan with miles of
railroad tracks linking Grand Bassa, Bong and Nimba counties
(...)
July 11, 2007
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Senate approval of $ 1 bn deal with steel giant Mittal paves the
way for the rehabilitation of the iron ore sector.
April 30, 2007
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Mittal Steel Company
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Gold and Diamond mining
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Diamond Fields International Ltd. (DFI)
DFI is working on diamond and gold concessions covering more
than 181,000 hectares. Targets include diamondiferous kimberlite
in western Liberia and two high grade gold deposits (Henry Town
in Grand Cape Mount County, and Barteajam in Grand Gedeh County). For decades, all the prospects have been the subject of
artisinal workings indicating the presence of diamonds and
coarse gold.
More here.
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Mano River Resources Inc.
Forthcoming
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Rubber
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Firestone
In February 2005 the transitional Government entered into a
controversial deal with Firestone, but the agreement could mark
the return of private investors. Firestone plans to invest more
than US $ 100 million and to assist Liberian rubber growers.
More here.
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Forestry
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President Ellen Johnson Sirleaf has cancelled
all forest concession agreements entered into by previous
governments
February 7, 2006
More here.
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Twenty-five companies were operating in
Liberia as of mid-2000. The largest company was the
Oriental Timber Corporation (OTC) owned by Charles Taylor
and managed by
Gus van Kouwenhoven, who also owned
and operated the Royal Timber Company. Ukrainian Leonid
Minin owns the Exotic Tropical Timber Enterprises.
Minin is known for trading diamonds and arms to both President
Charles Taylor and the RUF through his timber company, using a
number of countries to transship the arms.
Source:
Global Withness
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Flag of Convenience
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Forthcoming
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A reflection on Liberia's foreign investment challenge.
December 2006
Liberia's
presentation at the African Mining Investment
conference (INDABA 2006) which was held in Cape Town South
Africa (Feb. 7-10, 2006)
www.1stliberia.com
First Clearing LTD of Liberia was founded to manage concessions
and natural resources assigned by the Government of Liberia.
Agreement signed with the Transitional Government lead by Gyude
Bryant. (2003 - 2006).
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