Monrovia—Western Cluster Liberia Limited (WCL) has announced a plan to invest $2bn in the next five years as part of the company’s commitment to boost economic revitalization and foster socio-economic development in Liberia. By Selma Lorma, [email protected]Mr. Navin Jaju, chief executive officer of SESA GOA, the parent company of Western Cluster Liberia, and Christopher Griffith, CEO of Base Metals, Vedanta, made the pronouncement during a meeting with President Joseph Nyuma Boakai in Monrovia. with an investment of US$2 billion to propel socio-economic development in Liberia. The meeting with President Boakai follows the restoration of the Western Cluster Road User Permit, which was suspended on May 3, 2024, due to the President’s dissatisfaction with the company’s use of heavy-duty trucks that were damaging the road. Sesa Goa Iron Ore, a Vedanta Group company, is engaged in the exploration, mining, and processing of iron ore.

Source: Front Page Africa June 14, 2024 12:15 UTC