Vale, a Brazilian mining firm has scored a big victory in an intensifying global battle to control new sources of iron ore, when the miner bought a mining concession in Guinea for $2.5bn.
The Buchanan Renewable Power contract seems to be encountering some difficulties, at least as far as some technical aspects of the contract is concern, President Ellen Johnson-Sirleaf has conceded, adding that it worries her.
What may called the first boost to the Liberian economy from local investors took place on Monday when President Ellen Johnson-Sirleaf broke grounds for the construction of a US$3.4M Matrix Realty Management Complex on 7th street in Sinkor.
A classic manifestation of Liberian entrepreneurship will be on display this morning at 7th Street in Sinkor when the ground breaking for the construction of a nine-storey multi purpose complex, by the Matrix Realty Management Corporation takes place this morning.
The government of Liberia and the People’s Republic of China on Thursday concluded the signing of several million dollar agreements.
The Government of Liberia, through the Ministry of Lands, Mines and Energy and Liberia Electricity Cooperation or LEC, on Monday, signed a five-year $53.5 million electricity management contract with Manitoba Hydro International Limited of Canada.
Liberia Electricity Corporation or LEC is expected to sign a 5-year Management Contract with Manitoba Hydro Electric Power of Canada.
Simba Energy Inc. advises it has submitted its Oil Seep Survey Report for the Field Reconnaissance Work undertaken in January, 2010, to the National Oil Company of Liberia (NOCAL), in accordance with requirements in its Onshore Hydrocarbon Reconnaissance License NR-001.
Liberia and Brazil have agreed to promote cooperation in the areas of energy, mining and education, as both countries take steps to jumpstart longstanding relations.
The Prime Minister of Guinea is giving his support to the construction of his rail link between his country and Liberia for the lifting of iron ore to the world market.
Jean Marie’ Dore’ told a New Dawn interview in Conakry recently that a debate is on-going in Guinea for the construction of a rail links between Mount Nimba in the northeast and Conakry in south and that of the same area and Yekepa in Liberia.