Projects

Why Liberia?

Africa’s oldest modern republic
Government modeled on the US system
Politically stable democracy since 2003 after signing the Accra Peace Agreement
Four successful elections (2005, 2011, 2017 and 2023) with peaceful transfer of power from one democratically elected government to another

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 towards the mineral, oil and agricultural sectors
Part of Economic Community of West African States (ECOWAS), a single large trade bloc created to promote economic integration
English is the official language

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

West African craton hosts numerous world-class gold deposits with a gold endowment of over 450Moz
90% of the craton has been explored just in the last 30 years
It is the largest Paleoproterozoic gold-producing region in the world

Liberia is the least-explored area on the Craton, with high potential to discover and deliver gold mines
Gold in Liberia is concentrated in Archean and Brimian age greenstone belts of the Man – Leo shield which forms the southwestern part of the Craton

There are many major natural resource companies that are invested in, and have been operating in, Liberia.