‘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

Man City close to £50m deal, Chelsea eye Icardi & Arsenal to land Evans? GOSSIP

first_imgHere are the top transfer-related stories in Tuesday’s newspapers…Manchester City are increasingly confident of concluding a £50million deal to sign John Stones from Everton before the Premier League season starts on Saturday. City and Everton have been in negotiations over Stones for the past three weeks but are understood to have moved closer to agreement over the past 24 hours. (The Times)Everton have offered £18million for Sunderland defender Lamine Kone as they prepare for John Stones’ departure. (Daily Mail)New Everton boss Ronald Koeman is also not giving up in his pursuit of Ashley Williams. Swansea have rejected an initial £10million bid by Everton for the Welsh club’s captain. But Koeman still wants the Wales international defender and skipper, who impressed in Chris Coleman side’s run to the semi-finals at Euro 2016. (Daily Mirror)Crystal Palace have rejected a bid of £18m from Everton for the forward Yannick Bolasie, with the south London club holding out for a fee closer to £30m. (Guardian)Arsene Wenger wants to land a new defender by Friday after Arsenal ‘s injury crisis deepened. Boss Wenger is trying to push through a move for either Valencia’s Shkodran Mustafior Jonny Evans of West Brom before the season opener at home to Liverpool on Sunday. (Daily Mirror)Pep Guardiola has decided to sell Samir Nasri and Manchester City want £18million for the midfielder. Inter and AC Milan are keen on the Frenchman. (Daily Star)City boss Guardiola is also ready to ditch Eliaquim Mangala, Jesus Navas and Wilfried Bony this summer. (Daily Mail)Jose Mourinho will turn his attention to clearing out unwanted players at Manchester United after the signing of Paul Pogba for a world-record fee. Mourinho’s list of players who can go is headed by Bastian Schweinsteiger, who has been cut from the first team, and also includes defenders Marcos Rojo and Daley Blind and midfielder Juan Mata. (Daily Telegraph)Chelsea have turned their attentions to £50m-rated Inter Milan striker Mario Icardi after Everton refused to let Romelu Lukaku return to Stamford Bridge. (Daily Star)West Brom defender and Euro 2016 hero James Chester is wanted by Albion’s relegated neighbours Aston Villa. (Daily Mirror)Gabby Agbonlahor has been told he has played his last game for relegated Aston Villa. The ex-England forward held talks with new boss Roberto Di Matteo before the start of the Championship season and is not part of future plans. (Daily Mirror)Brendan Galloway is likely to become a Newcastle player this week as Rafa Benitez finalises a loan fee. The Magpies are in talks with Everton about borrowing the young left-back for the season, and hope to have him in their squad later this week. (Daily Mirror)Wolves are set to beat Liverpool to Brazilian forward Anderson Talisca – and smash their transfer record. The Championship side are close to concluding a deal with Benfica for the £20m-rated ace. (The Sun)And here are the latest talkSPORT.com headlines…?OFFICIAL: Manchester United sign Paul Pogba from Juventus for world record transfer fee of £89mAndre Ayew joins West Ham from Swansea for club-record feeChelsea FC transfer news: Juventus planning to spend Paul Pogba money on Nemanja MaticArsenal transfer report: Gunners to offer Olivier Giroud to Inter Milan in bid to land striker Mauro IcardiCarlos Bacca meets with agent to discuss potential £24m West Ham moveJose Mourinho issues Zlatan Ibrahimovic warning to Manchester United’s Premier League rivalsManchester City transfer report: Blues open to offers for out-of-favour Samir NasriDeal STILL ON! Tottenham remain hopeful of signing Marseille winger Georges-Kevin N’KoudouManchester United and Chelsea target Blaise Matuidi is ‘the heart of the club’ and not for sale, say Paris Saint-Germain ownerlast_img read more