The President of Liberia and a multi-million dollar mining company in the Republic of Guinea have reached an agreement on the movement of iron ore from Zogota iron ore deposit in the Republic of Guinea through Liberia.
Niron Metals Plc and the government of Liberia have signed a Memorandum of Understanding that relates to the use of existing rail and port infrastructure in Liberia.
Speaking on the new partnership, the Chairman of the Liberian National Investment Commission, Molewuleh Gray commended the move stating that this alliance will bring new opportunities to the people.
“This agreement opens a new chapter and supports the development of a world-class mining and logistics project for the benefit of the people of the Mano River Union.
“The Government will now initiate discussions with the railway and port concessionaire, relating to third-party access rights. Thereafter we anticipate accelerated tripartite discussions to commence”.
The chairman of Niron, Mick Davis, said the MOU is an important milestone in our plans to develop the Zogota project.
Davis added that they intend to complete our feasibility study within six months and continue to work with relevant stakeholders to bring Zogota rapidly into production for the benefit of all.
The Government of Guinea has given authorisation to Niron to export material from Zogota in compliance with the Mining Code of the Republic of Guinea 2013.
The signing of the MOU follows the joint vision of economic cooperation, expressed by the leaders of the republics of Guinea and Liberia, President Alpha Condé and President George Weah.
The MOU signatories from the Republic of Liberia were Hon. Samuel A. Wlue Minister from the Ministry of Transport, Hon. Gesler E. Murray, Minister from the Ministry of Mines & Energy, Hon. Molewuleh B. Gray, Chairman of the National Investment Commission, Hon. Samuel D. Tweah, Minister from the Ministry of Finance & Development Planning with their signatures attested by Cllr. Frank Musa Dean Jr. the Minister of Justice/Attorney General of the Republic of Liberia.