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LIBERIA, WEST AFRICA

Stable

Mining Focused

Growing

Africa’s oldest modern republic


Government modelled on the US system


Politically stable democracy since 2003 after signing the Accra Peace Agreement


Three successful elections (2005,2011 and 2013) with peaceful transfer of power from one democratically elected government to another


UN peacekeeping program assisting Liberia's transformation successfully ended in 2018

Growing

Mining Focused

Growing

Over 300% GDP growth between 2003 and 2019


Currently has one of the highest levels of foreign direct investment (FDI) in West Africa relative to GDP


Over US $18 Billion FDI committed to date, mainly for mineral, oil and agricultural sectors


Part of Economic Community of West African States, a single large trade bloc created to promote economic integration


English is the official language

Mining Focused

Mining Focused

Mining Focused

Pro-mining Government, EITI-compliant since 2011 


Mining Code based on Australian legislation


Revival of the mining industry an explicit government objective as a vital tool for continued economic growth and FDI


Friendly mining regulations have enabled in increase in gold production and exports


Minimal 3% royalty rate and a 25% basic rate of tax on earnings


100% repatriation of profits and no currency exchange restrictions


In January 2021, ArcelorMittal announced an additional US$800M investment into its mining operations in Liberia

There are many major natural resources companies that are invested in and have been operating in Liberia. Some of these include:



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