Liberia signs MoU with Niron for iron ore export project

train 1430637 640The Government of the Republic of Liberia and Niron Metals Plc have signed an MoU, regarding the passage through Liberia of iron ore from the Zogota iron ore deposit in the Republic of Guinea

The MoU relates to the use of existing rail and port infrastructure in Liberia.

The government of Guinea has given authorisation for Niron to export material from Zogota in compliance with the Mining Code of the Republic of Guinea 2013.

Molewuleh Gray, chairman of the Liberian National Investment Commission, said, “This agreement opens a new chapter and supports the development of a world-class mining and logistics project for the benefit of the people of the Mano River Union.”

“The government will now initiate discussions with the railway and port concessionaire, relating to third-party access rights. Thereafter we anticipate accelerated tripartite discussions to commence,” Gray added.

Mick Davis, chairman of Niron, commented, “This MoU is an important milestone in our plans to develop the Zogota project. We intend to complete our feasibility study within six months and continue to work with relevant stakeholders to bring Zogota rapidly into production for the benefit of all.”

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