LIBERIA MINING BOOST
Jan 24th, 2009 by admin
Liberia’s president has signed a 2.6 billion US dollar deal with a Chinese multinational to develop its main iron ore mine. The investment is the biggest the country has ever signed. President Ellen Johnson Sirleaf said she hoped the investment by China Union Mining Company would encourage other Chinese companies to invest in Liberia. Liberia’s Investment Minister Richard Tolbert said the company had pledged to build a refining factory in Bong iron mines within a year. It will create 3,000 jobs.
