hon. a kpandel fayia deputy minister for planning and research ministry of lands, mines & energy...

Hon. A Kpandel FayiaHon. A Kpandel Fayia

Deputy Minister for Planning and ResearchDeputy Minister for Planning and Research

MINISTRY OF LANDS, MINES & ENERGYMINISTRY OF LANDS, MINES & ENERGY

REPUBLIC OF LIBERIAREPUBLIC OF LIBERIA

INVESTMENT AND MINING INVESTMENT AND MINING OPPORTUNITIESOPPORTUNITIES

LIBERIALIBERIALone Star of Africa

INDABA 2006INDABA 2006

2

Lone Star of Africa

Investment and Mining Opportunities INDABA 2006 Liberia

IntroductionIntroduction

Introduction

• Small country on West African coast (111,000 km2)

• Independent republic since 1847

• Rich in natural resources; Iron Ore, Diamonds, Gold, Bauxite

• Highly prospective and under explored

• Investment highly encouraged

• A Democratically elected Government of Liberia now in place

3

Lone Star of Africa


GeographyGeography

Introduction

L EGEND

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LIBERIA

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M A P O F LIBER IA

Borders Republics of Sierra Leone, Guinea and Cote d’Ivoire

Tropical, humid climate, rainy season from July to September

Annual rainfall between 200-380cm

Dense secondary forest, residual laterite and detrital material

Numerous streams and rivers

Coastal plains to plateau, low mountains in NE to 1,380m

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Lone Star of Africa


Geological OverviewGeological Overview• Crystalline rocks of Precambrian age

• Western half of country typically of Archean age

• Eastern half, lenses of Proterozoic greenstone belts occur surrounded by rocks of probable Archean age

• Rocks of Pan African age extend northwesterly along most of the Liberian coastline from the Cestos shear zone

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Lone Star of Africa


Investment OpportunitiesInvestment Opportunities• Security is assured with the presence of multi-national UN peace

keepers

• Numerous mineral occurrences being mined by artisans

• Investment and mining laws are globally competitive- 100% repatriation of profits

- No currency exchange restrictions

• New mines expected in gold, diamonds and Iron Ore

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Lone Star of Africa


Mineral OccurrencesMineral Occurrences

• Minerals of economic significance are widespread

•Diamond trends in the NE and W of the country worth investing

•Several kimberlites discovered in the western within the diamond trend

•Widespread occurrences of gold suggests high prospectivity

•Most ridges are capped with iron formation (BIFs)

•More are yet to be found

0 220 Kilometers

Legend

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@ Wolframite

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!U Sulfur

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k Uranium

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!H Cassisterite (Tin )

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#V Rutile

# Maganese

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!( Niobium-tantalum (Columbite - Tantalite )

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! Gold

"T Chromite

"S Bauxite

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December 31, 2005

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Lone Star of Africa


Liberia’s Mineral PotentialLiberia’s Mineral Potential• 30% contribution to GDP

• 70s-80s worlds 5th exporter of iron ore

• Challenge of restoring mining industry largely inactive since civil war in 1989

• Previous and current exploration have revealed the vast mineral potential

MINERAL RESOURCESMINERAL RESOURCES

IRON OREIRON ORE

GOLDGOLD

DIAMONDDIAMOND

OTHER MINERALSOTHER MINERALS

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Lone Star of Africa


Iron Ore Iron Ore • Widespread occurrences

• 1951-1985 >613 Mt of ore mined

• Estimated >3,443 Mt reserves

• Liberia was #1 producer in Africa

Courtesy of E.O.Sherman, 2004


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Lone Star of Africa


DEPOSIT LOCATION COMPANY RESERVE(Million) Tons

ORE GRADE% Fe

TYPE OF ORE CURRENT STATUS

Mt. Nimba

342Km ENE of Monrovia

LAMCOLIMINCO(1989-PRESENT)

417 65-6959.152.2

Nimba –HematiteWestern Area –Magnetite

MDA to MITTAL STEEL

Bomi Hills

80Km NW of Monrovia

Liberian Mining CO. (LMC)

45 68 Magnetite Exploration Permit to BHP

Mano River

Mano River Hills,Near Sierra Leone Border

National Iron Ore Co.(NICO)

136 51.4 Limonitic OPEN TO NEGOTIATION

Bong Mine

80Km NE of Monrovia

DELIMCOBong Mining Co (BMC)

290 35-45 Magnetite OPEN TO NEGOTIATION

Putu Range

Grand Gedeh County,ESE of Monrovia

BMC 455 45 Itabirite Exploration Permit to MARIO

Bea Mt Grand Cape Mount County

LMC 382 35-45 Magnetite, Hematite,Goethite

OPEN TO NEGOTIATION

WologiziRange

Lofa County LISCO 1000 35-40 Hematite Exploration Permit to BHP

Goe Fantro

60Km NE Of Monrovia

LAMCO (LIMINCO) NA 35-40 Hematite Exploration permit to BHP

Estimated Reserves and Current StatusEstimated Reserves and Current Status

Mining Sector Overview, prepared for INDABA 2005 9

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Lone Star of Africa


Iron Ore Exports 1951-1983Iron Ore Exports 1951-1983

• 426 Mt of iron ore were exported over this period

• Approximately 0.17 Mt of ore were exported in 1951 by LMC

• Highest export of 14.7 Mt in 1972 by LAMCO

• Total of 29 Mt exported in 1972

IRON ORE EXPORT CHART

0

2

4

6

8

10

12

14

16

1945 1950 1955 1960 1965 1970 1975 1980 1985

YEAR

MIL

LIO

N T

ON

S

LMC NIOC LAMCO BMC

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Lone Star of Africa


!Ä!Ä

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Legend

!Ä Airport

Railroad

Rivers

MARIO

BHP Billiton

Iron Ore Exploration Permits

±0 100

Kilometers

EOS 02/02/06

Current Iron Ore Exploration permitCurrent Iron Ore Exploration permit

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Lone Star of Africa


Iron Ore DepositIron Ore Deposit

C

• Mining stopped 15 years ago due to civil conflict

• Mittal Steel to rehabilitate the mine and the railway

• Major Iron ore mine on the horizon

• Bong Mines, and former NIOC mines are available for investment



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Lone Star of Africa


Diamond PotentialDiamond Potential• Alluvial diamonds mined widely in Northern, Central and Western Liberia

• Highly prospective Archaean craton• Kimberlite dykes and pipes suggest primary source• Continuous discoveries of diamondiferous kimberlites by Mano River

Resources• Recent discovery of a Kimberlite by DFI• Recent discovery of alluvial diamonds by villagers in the South east • Potential areas are still available for further investment

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Lone Star of Africa


Gold PotentialGold Potential• Overwhelming prospectivity for major gold deposits

• Strong E-W and WNW shear zones associated with greenstone

• Widespread occurrence of gold workings in all provinces

• “Cestos Shear zone” part of the west African gold fields which hosts Sangura mine (Guinea), Ity mine (Ivory Coast), Syama mine (Mali), etc.

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Lone Star of Africa


Gold ProjectsGold Projects

• LARJOR one of the largest potential projects being looked at by Mano

•Weajue Gold project, an advanced project also being evaluated by Mano

•Kokoya Gold Project in Central Liberia – AmLib United Minerals

•Liberian Gold Corporation projects in the Birrimian in the SE of the country

• Workings in most areas extend over 1km strike

• Sheared mafic to ultramafics

•Highly prospective areas are still available for investment

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Lone Star of Africa


Other MineralsOther Minerals1. Heavy mineral beach sand deposits containing ilmenite, rutile, zircon and thorium are present in

coastal zones along a 300mile NW-SW coastal stretch as raised beaches up to 20ft high.

2. Bauxite: bauxite occurs in the North and Southeastern parts of the Country. Detailed exploration work needs to be carried out to ascertain the total reserves.

3. Barite: preliminary reserves estimate of 19 veins by Dresser Minerals in 1970 gives a total of 553,150 tons of barite to a depth of 500ft with in the Gibi. Further exploration could expand this.

4. Phosphate: Bambuta phosphate deposit is located in the Clay district in Western Liberia, it has been proven to have high grade phosphate mineralization

5. Manganese: The Mount Dorthrow Manganese deposit is located in Grand Gedeh county, Eastern Liberia. Commercial grade has not yet been established.

6. Kyanite: prospecting and exploration activities have revealed reserves up to 10 million tons of Kyanite bearing rock containing approximately 2.5 Mt in Mt. Montro in Grand Bassa county.

7. Hydrocarbon potential: Information gathered from regional geological and geophysical data revealed that the continental shelf of Liberia can be rated as having fair to good hydrocarbon potential. According to latest NPV studies, Liberia's best potential for petroleum accumulation lies within deep waters.

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Lone Star of Africa


LIBERIA AND DIAMOND LIBERIA AND DIAMOND SANCTIONSSANCTIONS

• UN imposed sanctions on Liberia in 2001.

• Government is fulfilling requirements to have the embargo lifted.

• Compliance with the Kimberley Process Certificate Scheme is in progress.

• Mining Cooperatives are being organized for effective and efficient monitoring of diamond production, sales and export.

A

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Lone Star of Africa


LIBERIA AND DIAMOND SANCTIONSLIBERIA AND DIAMOND SANCTIONS

• The concept of “Diamonds for Development (D4D)” will be introduced so that a portion of proceeds from diamond production will be returned to community of origin of diamonds for development purposes.

The UNDP and Government of Liberia are undertaking and developing the D4D program to assist the artisanal miners in Liberia.

• A Regional Mining Conference is being planned to be held in Monrovia in April 2006 to foster regional collaboration and cooperation in the Mano River Countries plus La Cote d’Ivoire.

• Countries and organizations experienced in alluvial diamond production will be invited to the Monrovia Conference.

A

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Lone Star of Africa


SummarySummary

• World Class iron ore deposits

• Greenstone belts hosting significant gold deposits

• New diamondiferous kimberlite pipes being

discovered

• Substantial international support and investor

confidence

• Exceptionally prospective

• A country encouraging investment

Summary

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Lone Star of Africa


hon. a kpandel fayia deputy minister for planning and research ministry of lands, mines & energy...

Documents

mining opportunities

lone star of africa

mt of iron ore

western liberia

mt of ore

mining laws

iron ore deposit c mining

artisans investment