Deal #4767

Location #1

Spatial accuracy level
Exact location
Location
Grand Cape Mount, Liberia

Latitude
7.013145207022944
Longitude
-11.139327174584427
Target country
Liberia
Comment on location
New Liberty is located within the Bea-MDA property, in Grand Cape Mount County in the north-western portion of the Republic of Liberia, approximately 100km north-west of Monrovia.

Land area

Intended size (in ha)
47800.0
Size under contract (leased or purchased area, in ha)
[2009] 47800
Comment on land area
478 km²- 47 800ha. Another data source states 457km2- 45 700ha.

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
Class A mining license was granted in 2009. New Liberty is expected to have an eight-year life.

Negotiation status

Negotiation status
[2009] Concluded (Contract signed)
Comment on negotiation status
Exploration license was granted in 1996. Class A mining license was granted in 2009. Preliminary economic assessment (PEA) was filed in 2010. Definitive Feasibility Study was completed in 2013.

Implementation status

Implementation status
[2009] Startup phase (no production)
[2015] In operation (production)
Comment on implementation status
The company temporarily suspended operations in 2016 following a cyanide leak at the processing plant.

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
25

Number of domestic jobs created

Jobs created (domestic)
Yes

Operating company

Name of investment project
New Liberty Gold Project
Comment on investment chain
The World Bank has provided funding for the project.

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Company sources
File
Comment on data source
Aureus website

Data source #2

Data source type
Media report
File
Date
2017-03-21
Comment on data source
IRIN News- How a gold mine has brought only misery in Liberia

Data source #3

Data source type
Research Paper / Policy Report
File
Comment on data source
Gender-differentiated impacts of Largescale Land Acquisitions in Liberia, February 2017.

Data source #4

Data source type
Company sources
File

Data source #5

Data source type
Media report
File
Date
2015-09-08
Comment on data source
Mining Technology -- Aureus Mining begins initial mining operations from New Liberty Gold Mine in Liberia

Data source #6

Data source type
Media report
File
Date
2015-09-07
Comment on data source
Mining Weekly -- Aureus achieves first gold sales from New Liberty mine

Data source #7

Data source type
Media report
File
Comment on data source
Mining Weekly- Aureus defers declaring commercial production after last-minute plant problems

Data source #8

Data source type
Company sources
File
Date
2016-06-01
Comment on data source
NEW LIBERTY GOLD MINE: DEBT REPAYMENT DEFERRAL

Data source #9

Data source type
Media report
File
Date
2016-05-23
Comment on data source
Mining Review- Aureus Mining works toward restart at New Liberty operation following suspension

Data source #10

Data source type
Media report
File
Date
2016-06-16
Comment on data source
Aureus signs deal to fund restarting of New Liberty gold mine in Liberia

Data source #11

Data source type
Contract
File
Comment on data source
Exploration contract issued in 2005.

Data source #12

Data source type
Company sources
File
Date
2016-09-06
Comment on data source
TRANSITION TO OWNER-OPERATOR MINING MODEL

Data source #13

Data source type
Media report
File
Date
2016-06-15
Comment on data source
Turkish conglomerate takes 55% of Aureus Mining

Data source #14

Data source type
Media report
File
Comment on data source
Ownership

Data source #15

Data source type
Company sources
Publication title
NEW LIBERTY GOLD MINE, BEA MOUNTAIN MINING LICENCE SOUTHERN BLOCK, LIBERIA, WEST AFRICA
Date
2017-11-01

How did the community react?

Community reaction
Rejection

Displacement of people

Displacement of people
Yes
Number of households actually displaced
325
Comment on displacement of people
325 families in two villages, Kinjor and Larjor. Community members were involuntarily resettled. Another report claim that there were 322 households identified in the RAP cut off census as being physically displaced by the Project.

Promised or received compensation

Promised compensation (e.g. for damages or resettlements)
Houses. "The promised resettlement package remains largely undelivered". Houses are still to be finished. "Madam Fahnbulleh added that though the General Manager of Aureus Mining promised to give each family US$50 if they moved, they never received the money. Later he explained to them that only those who moved earlier were entitled to this amount."

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Other
Comment on promised benefits for local communities
Hand pumps. Company has installed some hand pumps and one school.

Detailed crop, animal and mineral information

Resources area
Gold

Use of produce

Has export
Yes
Country 1
Switzerland
Comment on use of produce
First products were exported in 2015.

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Processing plant

Water extraction envisaged

Water extraction envisaged
Yes

Overall comment

Overall comment
A March 2016 accident released arsenic, cyanide into nearby river.

April 15, 2020, 10:52 a.m.

overwritten

This version

Compare with previous version

April 30, 2019, 11:28 a.m.

overwritten

Show this version

Compare with previous version

Oct. 5, 2017, 11:51 a.m.

overwritten

Show this version

Compare with previous version

July 28, 2017, 4:40 p.m.

overwritten

Show this version

Compare with previous version

April 6, 2017, 2:05 p.m.

overwritten

Show this version

Compare with previous version

Jan. 12, 2017, 9:23 a.m.

overwritten

Show this version

Compare with previous version

Jan. 12, 2017, 9:20 a.m.

overwritten

Show this version

Compare with previous version

Dec. 1, 2016, 1:16 p.m.

overwritten

Show this version

Compare with previous version

Jan. 26, 2016, 3:10 p.m.

overwritten

Show this version

Compare with previous version

Sept. 10, 2015, 5:17 p.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.