‘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

FIRST ANNUAL CHERRY HILL ARTS MUSIC FESTIVAL

first_imgThe Cherry Hill Arts & Music Festival is a day-long free celebration of performing and visual arts including performances by Navasha Daya, TT the Artist, Lafayette Gilchrest and others. The festival gives attendees the rare and special opportunity to enjoy live music performances and artist demonstrations, entertain their families with interactive “ARTivities” and learn about the cultural vibrancy of the Cherry Hill community while activating green spaces in Cherry Hill’s Reedbird Park The festival is on Saturday, August 19th. For more information, visit www.cherryhillfest.com.FIRST ANNUAL CHERRY HILL ARTS & MUSIC FESTIVALlast_img

Model suggests 1812 San Andreas earthquake may have been set off by

first_img Citation: Model suggests 1812 San Andreas earthquake may have been set off by San Jacinto quake (2016, March 14) retrieved 18 August 2019 from https://phys.org/news/2016-03-san-andreas-earthquake-jacinto-quake.html 7.5 quake on California fault could be disastrous © 2016 Phys.org Journal information: Science Advances Back in 1812 a major earthquake struck southern California near what is now San Bernardino—modern study of damage from the quake suggested it was approximately a magnitude 7.5 quake. There was little damage because there were few structures in the area back then, though approximately 40 people were killed when a church they were in collapsed. For many years, Earth scientists have assumed that the quake was due solely to activity along the San Andreas Fault. In this new effort, Lozos suggests that the quake may have actually been set off by a quake along the San Jacinto fault line.Lozos’ findings are part of a study that included field trips to several sites in an area where the San Andreas Fault and the San Jacinto Fault nearly merge. While there, he found evidence of three strands—where sections of fault are separated by bits of crust that has remained intact—one near the San Andreas fault and two near the San Jacinto fault. Each strand is evidence of an earthquake, but reports from people in the area suggest there were only two earthquakes during the time period under study—in 1812 and 1800, which suggested that one of the strands on the San Andreas Fault and one on the San Jacinto Fault were evidence of the same quake. Lozos also looked at other data collected by other researchers doing working on faults in the area—all of it went into a model he built to describe seismic activity in the area surrounding the time frame of the 1812 quake. The model showed that the most likely scenario that could account for the data that has been collected was that a quake had occurred along the San Jacinto fault line and as it made its way near the San Andreas fault line, the disruption caused a quake to occur along that fault line as well.Lozos is quick to point out that his model is just that and that thus far he has no evidence to suggest that such a double quake is imminent, but he also notes that if it happened before, it could happen again, noting that southern California is long overdue for a pretty big tumbler. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.center_img More information: J. C. Lozos. A case for historic joint rupture of the San Andreas and San Jacinto faults, Science Advances (2016). DOI: 10.1126/sciadv.1500621AbstractThe San Andreas fault is considered to be the primary plate boundary fault in southern California and the most likely fault to produce a major earthquake. I use dynamic rupture modeling to show that the San Jacinto fault is capable of rupturing along with the San Andreas in a single earthquake, and interpret these results along with existing paleoseismic data and historic damage reports to suggest that this has likely occurred in the historic past. In particular, I find that paleoseismic data and historic observations for the ~M7.5 earthquake of 8 December 1812 are best explained by a rupture that begins on the San Jacinto fault and propagates onto the San Andreas fault. This precedent carries the implications that similar joint ruptures are possible in the future and that the San Jacinto fault plays a more significant role in seismic hazard in southern California than previously considered. My work also shows how physics-based modeling can be used for interpreting paleoseismic data sets and understanding prehistoric fault behavior. Records of the December 1812 earthquake in southern California. Credit: Lozos Sci. Adv. 2016; 2 : e1500621 Explore further (Phys.org)—An assistant researcher professor with California State University has found evidence that the powerful quake that struck southern Californian back in 1812 may have been precipitated by a fault line other than the San Andreas. In his paper published in the journal Science Advances, Julian C. Lozos describes a computer model he created using real world data, what it showed, and why his findings suggest that a future double earthquake could occur someday in the area.last_img read more