Mr. Jones said there has been extensive encroachment on the railway, especially from the St. Paul Bridge to Freeport.
The three separate iron ore deposits known as the western cluster include the Mano River Iron Ore deposit, formerly mined by the National Iron Ore Company (NIOC); the Western Portion of the Bomi Hills Iron Ore deposit, formerly mined by the Liberia Mining Company(LMC) and the Bea Mountain Iron Ore deposit, which has never been exploited.
Companies that have expressed interest in these mines are: TATA Steel, Xing Xing Group limited, Mittal, Rio Doce South Africa(Limited), Constania Energy Limited, Mineral Commodities Resources (West Africa)Limited, SINO Steel Corporation, Provider Mineral, Delta Mining Consolidated, Bahlodi Africa (Liberia) Limited ,Ueico Universal Energy Limited, West Liberia Iron Ore Mining Corporation, Liberia Iron Ore and Levant Limited.
Speaking Friday at programs marking the unveiling of expression of interest for the mines, Deputy Minister Jones said the rationale for grouping the Bomi Hills , the Mano River and the Bea Mountains is based on investment analysis that shows that deposits in these mines would be more attractive than when they are operated individually.
He said an Inter-ministerial Technical Committee has been working with the Public Procurement and Concession Commission to develop procedures and guidelines for tendering for the Western Cluster iron ore deposits and the Bong Range Deposits.
Source: The News
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