‘Liberia Needs to Partner with Trustworthy Int’l Investors’

first_imgLiberia’s Minister of Mines and Energy, Gessler Murray (center) introduces a delegate to President George M. Weah (right) at the SEMICA Liberia Mining and Energy Conference. -Prez Weah tells SEMICA confab participantsPresident George Weah said for Liberia to reap the benefits of its natural resources that would transform the economy by bringing prosperity to the Liberian people, “We will need to partner with trustworthy international investors.”President Weah made the remarks on Thursday, November 28, 2019, during the opening of SEMICA 2019 Liberia mining, energy, and exhibition conference held at a resort in Monrovia.“It is a well-known fact that Liberia is a resource-rich country endowed with an abundance of mineral resources, which include gold, diamonds, bauxite, iron ore, uranium, and prospective reserves of oil and gas,” President Weah told the gathering.The SEMICA Liberia 2019, is an international convention, and exhibition aimed at showcasing Liberia’s potential in mining, energy, and petroleum.The 3-day event (November 28-30) brought together government officials, including Dr. Marc-Antoine Audet, president and chief executive officer of SAMA Resources; Sylvain Some, General Director of Mines and Geology, Ministry of Mines and Quarries, Burkina Faso; local and international partners, and representatives from the diplomatic corps.“I have previously declared that Liberia is opened for business, especially for all of those that are willing to participate — on a fair, honest, and equitable basis — in the development of our resources, culminating in win-win partnerships that are respectful of the mutual interests of all parties involved,” the President said.He continued: “This conference, therefore, will give you the opportunity to have a better appreciation of our available natural resources, and enable you to see the full potential in the mining, energy, and hydrocarbon sectors. I am hopeful that the interactions afforded you in this forum, between potential investors and the relevant officials of our Government will be fruitful and productive to our mutual benefit.”The Minister of Mines and Energy, Gesler E. Murray, said the country has a rich endowment of mineral resources that need to be capitalized to create wealth, and grow a healthy macro-economy.Murray said the World Bank Liberia Country Economist issued a report in October this year, which indicated that the mining sector grew by 7% compared to the non-mining sectors, such as agriculture and manufacturing, which declined by 3.4%.“This signifies that the mining sector has the potential to be an engine of growth; a key strategy of our government to use the sector revenue to stimulate growth in agriculture, manufacturing hospitality, tourism, and fishery,” Mr. Murray said.He said since the sitting of the Weah-led Administration in January of 2018, the Ministry of Mines and Energy along with other stakeholder institutions has exerted efforts to reopen derelict iron ore mines, as well as bring into operations new ones.Mr. Murray said falling prices of iron ore in the last several years in the global commodities market were invariably linked to accelerated developments of iron ore projects.He said the forecast by some analysts that global iron ore production will grow 0.9% annually until 2028, offers a glimmer of hope for the Liberian iron ore industry.“This is also promising news for the Euronimba and other mining projects in nearby Guinea that are seeking to transship and export mining produces using Liberian rail and port facilities. To this effect, the governments of Guinea and Liberia signed an implementation agreement in October this year for the shared-use of resources and infrastructure between the countries,” said Murray.Mr. Murray said Liberia is now shifting the paradigm by diversifying more into gold, diamonds and non-traditional minerals, such as coltan, lithium, graphite, bauxite, barite, phosphate, and base metals.He said Liberia is looking forward to more exploration companies taking up grounds to assess the potentials of these minerals.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Sparkling Sane inspires Manchester City in Palace rout

first_img0Shares0000Crystal Palace’s defender Timothy Fosu-Mensah (L) and Crystal Palace’s midfielder Andros Townsend (R) tackled Manchester City’s midfielder Leroy Sane during the English Premier League football match September 23, 2017 © AFP / Oli SCARFFMANCHESTER, United Kingdom, Sep 23 – Leroy Sane was the difference as Premier League leaders Manchester City claimed a comprehensive 5-0 win over bottom club Crystal Palace on Saturday to extend their unbeaten start.“Shall we score a goal for you?” the home fans chanted, and well they might, with Pep Guardiola’s side having now scored 16 goals in three Premier League games. By contrast, Palace are still yet to score in the league and have now lost six games in succession.Sane and Raheem Sterling, who scored twice, did the damage, while Sergio Aguero and Fabian Delph added gloss to the scoreline at the Etihad Stadium.The win keeps City on top of the table, edging in front of rivals Manchester United on goal difference.It was frustrating for City until they were able to edge in front just before the break.Palace defender Mamadou Sakho flicked Kevin De Bruyne’s cross onto his own post and Sane fired over after skipping through several challenges.But for all of City’s early possession, it was Palace who had the better chances in the opening stages.The south London side, playing under Roy Hodgson for the second time in the league, looked well drilled and could have stung the hosts on the break.Ruben Loftus-Cheek had an effort deflect off Nicolas Otamendi and onto the post, having beaten England centre-back John Stones twice to get into a shooting position on 19 minutes.Loftus-Cheek went close again, sliding a shot wide when it seemed easier to score after Timothy Fosu-Mensah’s low cross nicked off Fernandinho.City’s disjointed start to game was not helped as the home side lost Benjamin Mendy to injury mid-way through the first half.The France left-back clashed knees with Andros Townsend, giving away a tactical foul as the winger skipped past, and was replaced by Danilo.– Aguero closes on Brook –City had to work to forge chances, but the pressure was eased on the stroke of half-time.Quick interplay between Sane, De Bruyne and David Silva allowed the Spaniard to lift a pass to Sane on the left.He flicked it over the head of Scott Dann and slid a shot through the legs of Wayne Hennessey.The goal opened the visitors up. Six minutes into the second half, a quick break saw City double their lead.Again Sane was key. His break down the left flank was picked out by De Bruyne and a perfect low cross into the path of Sterling meant the England winger could not miss.Presented with what seemed an even easier opportunity a minute later after Hennessey’s touch on De Bruyne’s cross presented him with an open goal, Sterling side-footed wide.Aguero was now on the hunt for the goals to take the club’s scoring record.Having found space on the edge of the box, he skipped past three challenges to go one-on-one, but fired his left-foot strike straight at Hennessey.It was one-way traffic. Sterling doubled his tally and took City’s to three after De Bruyne’s ball to the back post was touched into the winger’s path as he arrived late into the six-yard box.All eyes were now on Aguero, who began the day needing two goals to join Eric Brook as City’s all-time leading scorer.The Argentina striker netted with 11 minutes to play, heading in Sane’s searching cross to close to within one goal of Brook’s haul of 177 goals.Palace were begging for full-time by the time Fabian Delph made it 5-0, the substitute curling a sublime effort into the top corner with his weaker right foot.0Shares0000(Visited 1 times, 1 visits today)last_img read more