Miners form representative body at last
Liberia's mining sector, for years a loose collection of artisanal diamond miners, iron ore giants and other players, now has its own representative chamber.
Guinea/Liberia: mining projects
In Liberia, everyone is talking about the possibility of the iron ore industry generating billions of dollars in revenues. This hot media topic has motivated civil society and politicians to pressure the goverment into keeping the country's best interests in mind.
EU High Representative Josep Borrell was questioned about the agreement signed between ArcelorMittal and the Liberian governement over expanding the Yekepa iron ore mine. The agreement has already been deemed worrisome by the Liberian parliament and companies working near Yekepa.
Having completed the pre-feasibility study for its Nimba iron ore project in Guinea, SMFG has now finalised nearly all aspects for the project's advancement, except for one key issue: the transportation of its future output by train on ArcelorMittal's rail track, which will be needed to get its shipments to buyers.
Not wanting to have infrastructure costs cut into the profitability of their Guinean iron ore deposit Simandou, Australian mining giant Rio Tinto and China's Chinalco are in talks to sell the site's first output to steel giant ArcelorMittal.
Highly costly, remote and often the object of an international dispute or arbitration, iron ore projects in Guinea have been struggling in recent years. The Conakry authorities are working hard to turn the situation around, especially to develop Simandou and [.
The difficult negotiations between Canadian mining magnate Robert Friedland's High Power Exploration (HPX) and the Guinean state for control of the Nimba iron ore project is only a small part of its US parent company I-Pulse's African strategy.