Deal #5671

Liberia
Created at
2017-10-05
Last update
2020-04-06
Last full update
2019-09-11

Land area

Size under contract (leased or purchased area)
  • [2002, current] 19999.5 ha
Comment on land area
49,420 acres of land in Montserrado and Rivercess counties.

Intention of investment

Intention of investment
  • [current] Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)
Comment on nature of the deal
The License is valid until 13th March 2027.

Negotiation status

Negotiation status
  • [2002] Concluded (Oral Agreement)
  • [2013] Concluded (Change of ownership)
  • [current] Concluded (Oral Agreement)
Comment on negotiation status
According to community members, the investor took over the mining area from American-Liberian Mining Company (AMLib) in 2013 and it has been operating on the Mineral Development Agreement that was signed between the government of former President Charles Taylor and AMLib in 2002.

Implementation status

Implementation status
  • [2015] Startup phase (no production)
  • [2016, current] In operation (production)
Comment on implementation status
construction began in 2015.

Leasing fees

Comment on leasing fee
The company is supposed to pay US $50,000.00 for surface rental on the day the agreement is signed; US $0.12 per acre for land in the exploration area; and US $ 1.00 per acre fir land in the production area. Data was obtained from a formal source.

Contract farming

Contract farming
No