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In Guinea, for example, Vale a Brazilian company, the world''s largest iron ore mining firm bought a majority stake in BSG Resources (Guinea). In addition to the cash value of the deal for the Guinean government, Vale''s indispensable infrastructure investments to move minerals from mine to port will also be significant.
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Competitively, Liberia trails the rest of West Africa in the following economic activities: Manufacturing has stagnant since 1989, Fragility remains a challenge; exacerbated by the dropped in commodity (Iron ore, rubber, etc.) prices, and lingering capital immobility (Not much new money is flowing into Liberia).
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Liberia''s Ministry of Planning and Economic Affairs estimated that the country''s six major iron ore concessions would together generate only 129 million of government revenue (Government of Liberia, 2010, p. vii). Second, the government revenues that are generated via taxes on foreign investment are not used for specific infrastructure ...
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By the LEITI of 2009. Page 13 Moore Stephens LLP. 1. Iron Ore Appraisal and Mineral Exploration Agreement for the Putu Range between The Republic of Liberia and Mano River Iron Ore (Liberia) Inc. 2. Iron Ore Appraisal and Mineral Exploration Agreement for the GoeFantro Range between the Republic of Liberia and Billiton World. 3.
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Liberia was a major exporter of iron ore on the world market. In the 1970s and 1980s, iron mining accounted for more than half of Liberia''s export earnings. Following the coup d''etat of 1980, the country''s economic growth rate slowed down because of a decline in the demand for iron ore on the world market and political upheavals in Liberia.
~ Liberian Information Online
Liberia is also known for iron ore mining, but there are other ways to use our mountains besides mining. The mining for iron ore at such mountains as Bong Range, Putu Range, Nimba, and Bomi, have not generated the desired economic benefits to the local people in each mountain community or county.
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It also contains important minerals. Iron ore mining on Mount Nimba accounted for approximately 1 per cent of the world production; currently set at around 900 million Mountain is the 2nd highest peak. Other smaller mountain ranges in Liberia include the Putu Range and Bong Range. Climate
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