MONROVIA – Liberia stands to benefit a big deal from the use of its railway through the transportation of mineral resources from neighboring Guinea through Liberia for export, but ongoing litigation involving the mineral mining company in Guinea, BSG Resources, could stall Liberia’s chances of improving its revenue envelope and create more jobs. However, BSG Resources the company which won the concession over Simandou which has been having a legal wrangling with a partner company, Vale. The joint venture was created specifically in 2009 to mine the deposit via a Simandou railroad in Liberia. Mount Simandou, which contains the richest unexploited iron ore deposits in the world, is in Guinea. Vale, which was a partner, had filed a complaint against BSGR and it is this judgment that apparently came out last week.

Source: Front Page Africa April 16, 2019 03:00 UTC