Liberia-President Jeremiah Kpan Koung has emphasized the vital role of the mineral sector in Liberia’s economy.
“With mineral resources contributing an impressive 52 percent to Liberia’s GDP and accounting for 93 percent of its exports,” the Vice President highlighted the nation’s abundant reserves, including gold, diamonds, and iron ore.
These remarks were made during the official handover of the results of Liberia’s Mineral Resource Survey project, conducted in collaboration with the Government of Liberia and the People’s Republic of China.
According to the office of the Vice President, the initiative aims to unlock the full potential of Liberia’s mineral wealth.
At the event held at the Ministry of Mines and Energy, VP Koung stressed the importance of this survey in assessing the nation’s mineral resources, stating that it is crucial for future economic development.
On behalf of President Joseph Nyuma Boakai, he expressed gratitude to the People’s Republic of China for their partnership in this significant project, which represents the first comprehensive mineral survey since the end of Liberia’s civil war.
He also acknowledged the historical contributions of the U.S. and British governments in advancing Liberia’s mineral sector.
