A memorandum of understanding (MoU) has been signed between the Republican of Liberia and Guinea with regard to transportation of Iron ore from Zogota Iron Ore in Guinea.
This follows the joint vision of economic co-operation conveyed by leaders of the republics of Guinea and Liberia, His Excellence President Alpha Condé and His Excellence President George Weah at a meeting held in Dakar on the 2 April 2019.
The MoU tells of the agreement between Liberia and Niron Metals for export of iron ore and also relays the use of existing rail and port channel in Liberia.
Meanwhile, authorisation has already been granted to Niron for exportation of material from Zogota in compliance with the Mining code of the Republic of Guinea 2013.
Chairman of the Liberian National Investment Commission, Mr Molewuleh made mention that this agreement is to benefit the locals.
“This agreement opens a new chapter and supports the development of a world-class mining and logistics project for the benefit of the people of the Mano River Union,” said Molewuleh.
“The Government will now initiate discussions with the railway and port concessionaire, relating to third-party access rights. Thereafter we anticipate accelerated tripartite discussions to commence,” Molewuleh further added.
“This MoU is an important milestone in our plans to develop the Zogota project. We intend to complete our feasibility study within six months and continue to work with relevant stakeholders to bring Zogota rapidly into production for the benefit of all,” added Sir Mick Davis, Chairman of Niron.
The MoU was graced by key individuals in various government wings such as the Ministry of Finance & Development Planning and Chairman of the National Investment Commission.
Among the signatories from the republic of Liberia was Honourable Minister Samuel A. Wlue from the Ministry of Transport, Honourable Minister Gesler E. Murray from the Ministry of Mines & Energy and Cllr. Frank Musa Dean Jr. the Minister of Justice/Attorney General of the Republic of Liberia.
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