By William Q. Harmon -March 6, 20202971

(L-r) Atty. Molewuleh B. Gray, Chairman of the National Investment Commission (NIC); Gesler E. Murry, Minister of Mines and Energy; Rohan Patnaik, CEO of Al Khaldiya Mining Private Ltd. at the MOU signing

The government of Liberia on Tuesday, March 3, 2020, signed a memorandum of understanding (MOU) with a Singaporean company, Al Khaldiya Mining Private Ltd., for the transshipment of iron ore from neighboring Guinea.

The deal is expected to see Liberia generate millions of United States dollars annually.

As per the MOU, the company will transship some 789 million tons of iron ore from its Diecké project in Guinea, which is just 2 kilometers north of Ganta, Nimba County, through the Yekepa-Buchanan rail line.