A team comprised of the Ministries of Mines and Energy, Finance and Development Planning, and the Liberia Revenue Authority has concluded a two-day assessment of Bea Mountain Mining Corporation’s operations in Western Liberia.
Monrovia, Liberia, May 6, 2025 – The Government of Liberia has concluded a two-day compliance assessment of Bea Mountain Mining Corporation’s (BMMC) gold production, processing, and export procedures here. The company operates in Kinjor, Grand Cape Mount County, Western Liberia, under a Mineral Development Agreement (MDA) with the Government.
Led by the Minister of Mines and Energy, Wilmot Paye, and Liberia Revenue Authority (LRA) Commissioner General Dorbor Jallah, the assessment is part of ongoing efforts to ensure all mineral rights holders comply fully with the Minerals and Mining Law of Liberia. The initiative is a key component of the government’s broader concession monitoring strategy.
According to the Liberia Revenue Authority, the May 3-4, 2025, assessment focused on evaluating the company’s adherence to Standard Operating Procedures (SOPs) governing gold exportation.
A high-level 20-member joint delegation comprising officials from the Ministry of Mines and Energy (MME), Ministry of Finance and Development Planning (MFDP), Ministry of State for Presidential Affairs (MOS), LRA, and the Central Bank of Liberia (CBL) conducted the compliance review.
During the visit to Kinjor, the team inspected Bea Mountain’s gold smelting, packaging, weighing, and storage operations. The delegation then proceeded to the Roberts International Airport (RIA), where they observed and reviewed the procedures related to the export of gold.
“This compliance visit is just the beginning. Every mining company operating in Liberia will undergo similar inspections. No one will be left out,” said Minister Paye and Commissioner-General Jallah. The delegation admonished the BMMC to stick to every tenets of the SOP of the MDA as the government remains committed to providing the enabling environments for investments.
After the assessment, both officials emphasized that the primary goal of the exercise was to reinforce the Government’s commitment to transparent and accountable oversight of the mining sector, from extraction and processing to valuation and exportation. Press Release
Compliance is different from fair revenue sharing. Gold value on the international market is above US$3000.00 per ounce. How much does the Government of Liberia get? Upgrade their concession agreement with government inorder to get a higher share of the revenue. Ti allow the arrangement to remain intact means a lot has not been achieved.