Overview

Liberia has been plagued by civil war for several years, and, as a result, foreign investment has all but ceased. Liberia’s main mineral products are gold and diamonds, although iron ore used to be a major product. Artisinal workings account for 98% of gold and diamonds produced. Liberia officially produced 155 000 carats of diamonds in 2001, with this number expected to be several orders of magnitude higher, due to extensive smuggling with bordering Sierre Leone, Guinea and Cote de Ivoire. There are thought to be between 20 and 30 000 artisinal miners in Liberia. Liberia is currently drafting a new Mineral Development Policy and Mining Code aimed at attracting foreign investment.

Liberia remains largely unexplored but it has been shown that the countrry possesses a wide variety of minerals besides its already well-known high potential for primary and alluvial gold and diamonds. Other minerals present include beryl, tin, columbite-tantalite, phosphates, zinc, copper, lead, rare earth minerals, nickel, molybdenum, beach sand (zircon, rutile, ilmenite, and monazite), bauxite, kyanite, chromite, uranium and silica sands. All are characteristically associated with Precambrian/Proterozoic rocks which underlie most of the country.

Organisations (6)

Benu Minerals Pty Ltd, Holistic Resources West Africa, Liberia Iron Ore, Liberian Ministry of Lands, Mines and Energy, Liberian Resources Corporation, Ministry of Lands, Mines and Energy

Facilities (3)

Bong, King George-Larjor, Mount Nimba

Shaun Bakamoso

Greetings. I'm Shaun Bakamoso, and I'm thrilled to be your guide through the dynamic world of business news in South Africa here at mbendi.co.za. With a passion for staying informed and a keen interest in the ever-evolving landscape of business, I've dedicated myself to providing you with timely, insightful, and comprehensive coverage of the latest developments impacting the South African economy. bakamoso@gmail.com / Instagram