02 IN THE
The Sustainable Development Institute visited Putu District, Grand Gedeh on the week of April 14, 2014 in order to better understand the relationship between Putu Iron Ore Mining, Inc This includes PIOM and Liberian communities in its area of operations MUMBAI (Reuters) Iron ore miner Sesa Goa Ltd SESANS expects to start production at its mine in Liberia in early 2014, as it seeks to offset the impact of mining bans at homeSesa Goa to start Liberia iron ore output early 2014 Indian iron ore miner Sesa Goa Ltd expects to start production at its mine in Liberia in early 2014, as it seeks to offset the impact of mining bans at home India was once the world's third UPDATE 1Sesa Goa to start Liberia iron ore output In 2014 Liberia produced about 48 million tonnes and was ranked the 24th largest producer of iron ore in the world after just three years of production However, following the collapse in the price of iron ore after 2013, mining operations were terminated at Bong in late 2015 and elsewhere production was curtailed significantlyA review of the mineral potential of Liberia The iron ore mining sector could play a role in pulling Liberia out of crippling poverty During the prewar periods of high economic growth, iron ore mining was a prominent source of income and financing for Liberia’s development agendaLIBERIA: POVERTY IN THE MIDST OF PLENTY HOW POST
industry IRON ORE MINING CORRUPTION
ArcelorMittal’s mining operations in Liberia Introduction 3 Executive summary 5 Key recommendations 6 1 ArcellorMittal in Liberia 7 11 Background 7 12 Concession overview 7 13 Investment plan 8 14 Iron ore mining sector development in Liberia 9 15 Challenges 10 2 Assessment of ArcelorMittal’s performance 718 Industrial mining in Liberia includes gold and iron ore The mining of these minerals is associated with huge environmental impacts ranging from land form degradation, pollution of air quality, loss of biodiversity, and watercourse contamination The latter is of serious challenge in the mining sector because of the climatic condition of LiberiaThe mining sector of Liberia: current practices and Iron ore mining was the mainstay of the Liberian economy between 1960 and 1980, contributing more than 60% of export earnings and about 25% of GDP (Boakye et al 2012), which then ranked Liberia as the largest exporter of iron in Africa and third larg est in the worldThe mining sector of Liberia: current practices and ArcelorMittal is currently producing and exporting iron ore to customers in Europe and Asia Artisanal mining, predominantly of gold and diamonds, takes place in parts of Liberia Artisanal mining, traditionally carried out primarily by unlicensed and illegal miners, contributes to the country’s economy through royalties and taxes paid by licensed dealersLiberia Mining and Minerals Trade Last update: ArcelorMittals iron ore mining, Liberia Description: 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 renegotiated contract was signed in 2006), the worlds largest ArcelorMittals iron ore mining, Liberia EJAtlas
A review of the mineral potential of Liberia
In 2014 Liberia produced about 48 million tonnes and was ranked the 24th largest producer of iron ore in the world after just three years of production However, following the collapse in the price of iron ore after 2013, mining operations were terminated at Bong in late 2015 and elsewhere production was curtailed significantly New ironore mine planned for Liberia 7th November 2014 By: Bruce Montiea Creamer Media Reporter The project is located in one of Liberia’s historical premier ironore mining districts Mining Weekly New ironore mine planned for Liberia An export decree enabling Sable Mining to export iron ore from Nimba through Liberia was granted in October 2013 DSOgrade Iron Ore A significant DSO Resource has been delineated at Nimba, and recent metallurgical results have highlighted the Project’s commercial viability The test work has demonstrated thatSable Mining Report and Accounts 2013/101 Concession Companies in Liberia – 2014 No Company Effective Date of Agreement Activities Location of Operation Status of operation Mining 1 Western Cluster August 22, 2011 Iron Ore Bomi County Exploration 2 Arcelor Mittal May 16, 2007 Iron Ore Nimba Grd Bassa Counties Production and shipment 3 China Union April 3, 2009 Iron Ore Bong County Production and ShipmentConcession Companies in Liberia 711 owing to larger ironore production, while weak activity in the rubber and forestry sectors dampened nonmining growth Inflation increased to 98 percent at endApril 2014, reflecting the passthrough from the 207 percent currency depreciation since December 2012 The real effective exchange rate depreciated by 66 percent in 2013,IMF Country Report No 14/197 LIBERIA
Billionaire Agarwal Said to Cut Ore Project in Liberia
Sesa Sterlite Ltd plans to cut an iron ore project in Liberia by 80 percent after approval delays halted infrastructure plans and a mining ban in India sapped cash flows, people familiar with the In 2014, the Government of Liberia issued a class A mining licence (for largescale operations) to Putu Iron Ore Mining Company, a fullyowned subsidiary of Russian steel and mining Liberia: Solway Mining Company Encroaching On Active mining operations and mineral processing facilities in Guinea, Liberia, and Sierra Leone and reported cases of Ebola as of yearend 2014 Numbered facility labels correspond to entries in table 2 Districtlevel Ebola virus disease data derived from World Health Organization (2014, 2015) data as of December 2014 US Department of the The Ebola Virus Disease Outbreak and the Mineral Sectors Since 2010 Liberia has made significant progress in reviving the mining sector, which before 1990 had contributed more than 65% of the country’s export earnings and represented about 25% of the country’s GDP According to the 2017 2018 LEITI Report, i ron ore was the main commodity produced in 2017/18, with a production volume of about 38 million Mt with the most prodcution increased Liberia Extractive Industries Transparency Initiative Last update: ArcelorMittals iron ore mining, Liberia Description: 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 renegotiated contract was signed in 2006), the worlds largest ArcelorMittals iron ore mining, Liberia EJAtlas
Concession Companies in Liberia 2014
Concession Companies in Liberia – 2014 No Company Effective Date of Agreement Activities Location of Operation Status of operation Mining 1 Western Cluster August 22, 2011 Iron Ore Bomi County Exploration 2 Arcelor Mittal May 16, 2007 Iron Ore Nimba Grd Bassa Counties Production and shipment 3 China Union April 3, 2009 Iron Ore Bong County Production and Shipment ENP Newswire 09 July 2014 Release date Monrovia OAO Severstal, one of the world's leading integrated steel and mining companies, is pleased to announce that a Class 'A' Mining License for the mining of iron ore in the Putu Mountain Range has been granted to Putu Iron Ore Mining Company Incorporated by the Government of LiberiaOAO Severstal Government of Liberia issues class 'A Liberia issues mining licence for Putu iron ore project Published 10th July, 2014 by Matthew Moggridge OAO Severstal, a leading Russian steelmaker, has announced that a Class A mining license for mining iron ore in the Putu Mountain Range has been granted to the Putu Iron Ore Mining Co Inc, which is a 100%owned subsidiary of SeverstalLiberia issues mining licence for Putu iron ore project ASX and JSElisted ironorefocused company Tawana Resources is planning a 25 milliontonneayear ironore mine in Liberia Executive chairperson Wayne Richards believes the Mofe Creek ironore Mining Weekly New ironore mine planned for Liberia owing to larger ironore production, while weak activity in the rubber and forestry sectors dampened nonmining growth Inflation increased to 98 percent at endApril 2014, reflecting the passthrough from the 207 percent currency depreciation since December 2012 The real effective exchange rate depreciated by 66 percent in 2013,IMF Country Report No 14/197 LIBERIA
Billionaire Agarwal Said to Cut Ore Project in Liberia
Sesa Sterlite Ltd plans to cut an iron ore project in Liberia by 80 percent after approval delays halted infrastructure plans and a mining ban in India sapped cash flows, people familiar with the Liberia’s economy will expand at a slower pace this year as growth in the ironore mining industry has eased, according to the country’s central bankLiberia Central Bank Says Economic Growth to Slow The mineral sector in the country also faced many more challenges from falling commodity prices especially of its main export iron ore, but also from the Ebola outbreak Despite the many challenges faced by the sector it is a substantial GDP contributor, during the 2013/2014 fiscal year extractive industries contributed to 58% of the Liberian GDPLiberia ASM Event In yet another blow to Liberia's mining sector, China Union, an iron ore producer in Bong county, appears set to leave the country after laying off most its workforce Analysis China Union's history in Liberia began in 2008, with a US$26bn investment package to start activity at its Bong iron ore mines, in Bong countyMajor mining firm appears to be on its way out of