Liberia Signs MoU Allowing Private Company, Niron Metals to Export Iron Ore from Guinea

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Liberia has signed a Memorandum of Understanding with private mining sector company, Niron Metals that will allow the passage of iron ore through Liberia from the Zogota iron ore deposit in the Republic of Guinea. The MoU relates to the use of existing rail and port infrastructure in Liberia.

The agreement follows a joint vision of economic cooperation, expressed Guinea’s, President Alpha Condé and Liberian President George Weah at a meeting held in Dakar on 2nd April, 2019.

The Government of Guinea has already given authorisation for Niron to export material from Zogota in compliance with the Mining Code of the Republic of Guinea 2013.

“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 Mr Molewuleh Gray, Chairman of the Liberian National Investment Commission.

“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,” he 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,” commented Niron Chairman, Sir Mick Davis.

The MoU signatories from the Republic of Liberia were Samuel A. Wlue Minister from the Ministry of Transport, Gesler E. Murray, Minister from the Ministry of Mines & Energy, Hon. Molewuleh B. Gray, Chairman of the National Investment Commission, Hon. Samuel D. Tweah, Minister from the Ministry of Finance & Development Planning with their signatures attested by Cllr. Frank Musa Dean Jr. the Minister of Justice and Attorney General of the Republic of Liberia.

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