‘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

Bundesliga: Borussia Dortmund Held at Home by Bottom-placed Paderborn in 6-goal Thriller

first_imgBerlin: Borussia Dortmund captain Marco Reus equalised in added time to salvage a 3-3 draw at home to Bundesliga bottom side Paderborn as Friday’s shock result left Dortmund coach Lucien Favre under pressure.Dortmund, who face Barcelona away on Wednesday in the Champions League, were 3-0 down at half-time at Signal Iduna Park and out-played before launching a second-half fight back. “We have to apologise to our fans for that performance, especially in the first-half,” said a visibly shaken Reus.”We can never play like that again at home, it was really shit. It’s not on.”I have no idea what that was all about from us in the first-half.”Paderborn striker Streli Mamba ran riot with two goals in the opening 45 minutes before winger Gerrit Holtmann grabbed the visitor’s third just before the break.It was a different story in the second-half as England winger Jadon Sancho gave Dortmund hope before Axel Witsel, then Reus both headed late goals to poach a point.The draw leaves Dortmund fifth in the table, but they could finish the weekend eight points behind leaders Borussia Moenchengladbach, who are at mid-table FC Union Berlin on Saturday.Having been drubbed 4-0 away at Bayern Munich before the international break, Dortmund were guilty of woeful defending in the first-half to put Favre in a precarious position.Hosts Dortmund were behind with five minutes gone when Paderborn winger Kai Proeger out-sprinted, then rode the tackle of Germany international Nico Schulz on the right flank.With the Dortmund defence shredded, Proeger passed inside for Mamba to tap home and silence home fans.In response Dortmund pushed forward, but were punished for defending high up the pitch when Paderborn forward Ben Zolinski lifted the ball over the defence.Mamba outsprinted Germany defender Julian Weigl to fire Paderborn 2-0 up on 37 minutes.The visitor’s third goal came two minutes before the break when Dortmund’s Belgium Axel Witsel lost possession and Holtmann sprinted clear of Weigl to fire past home goalkeeper Roman Buerki.Stunned Dortmund trudged off at half-time to a chorus of whistles from their fans.Their CEO Hans-Joachim Watzke, watching in the stands, looked far from happy after such a weak display from his star-studded squad.Favre reacted by bringing on the attack-minded trio of Julian Brandt, Thorgan Hazard and Achraf Hakimi for the second-half.Dortmund flew out of the blocks with Sancho firing home to make it 3-1 just two minutes after the break when Reus had won back possession.Paderborn were still causing the hosts problems and Mamba came within a whisker of grabbing his hat-trick, firing wide on 67 minutes.With the final whistle approaching, Dortmund defender Mats Hummels hooked the ball across goal for Witsel to header home before Reus spared his side’s blushes with the equaliser right at the end. Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. borussia dortmundbundesligaBundesliga 2019-20football First Published: November 23, 2019, 8:37 AM ISTlast_img read more