Monrovia-April-22-TNR:Recent developments in Liberia’s mining sector have raised eyebrows and sparked stakeholder concerns over the conduct of High Power Exploration (HPX) which recently signed a letter of intent with the Government of Liberia to invest up to $5 billion, for among others, construction of a railway from Guinea to Buchana Port. Reports have surfaced suggesting that HPX, initially known for its acquisition of the Nimba Mount project in Guinean, is attempting to assert its relevance in Liberia by allegedly pursuing a dubious acquisition of Solway Mining Incorporated, despite its lack of any footprint in the sector in Liberia. At the center of the controversy lies a complex web of connections involving HPX, influential figures like Mr. Ibrahim Mahama, brother of former Ghanaian President John Mahama, and a faction of disgruntled Russians. It is alleged that HPX is leveraging these ties to manipulate Liberian laws and engineer the acquisition of Solway Mining, which has been trying to take control of the Blei and Delton deposits which are already within the ArcelorMittal Liberia concessional area. Mr. Ibrahim Mahama’s frequent visits to Liberia and engagements with high-ranking government officials have fueled suspicions of a concerted effort to secure control over Solway Resources. Disturbingly, reports have emerged of local communities being mobilized to oust individuals associated with the current ownership structure of Solway Mining, raising ethical and legal concerns. Central to the controversy is the disputed ownership of Solway Mining, with conflicting narratives surrounding its incorporation and subsequent amendments. While the Ministry of Mines and Energy recognizes Boima Morgan as the legitimate owner of Solway, a group of Russians are equally making claim of ownership and it is this group that reports suggest HPX is allegedly attempting to use in a bid to acquire Solway. In February this year, High Power Exploration (HPX) has signed a letter of intent with the Liberian government and pan-African investment group Guma Africa to negotiate the ownership, design, financing, development, and operation of what it calls “Liberty Corridor”. The Liberty Corridor was suppose to to be a multi-user infrastructure corridor connecting Guinea and Liberia, which HPX said will include a new railroad from Guinea’s mining-rich Nimba region to a deepwater port in Liberia, alongside an extension of the hydropower network from Côte d’Ivoire into the Nimba districts with advancement in regional infrastructure, alongside ongoing projects such as road upgrades and fibre optic installation. All along, the broader picture has bene thatHPX’s would make use of the railway between Buchanan and Yekepa to transport ore from its Guinea concession. But then, the company shifted to construction of Liberty Corridor and, yet again its sudden interest in acquiring a mining asset in Liberia which contradicts its original focus on the Guinean project. Despite previous assertions limited to utilizing Liberian railways for iron ore transportation, HPX’s pursuit of Solway Mining suggests a desperate attempt to maintain relevance in the Liberian mining space. Furthermore, the investment community awaits a framework agreement on the Liberty Corridor, based on the letter of intent signed between the Government of Liberia and HPX. The lack of clarity surrounding HPX’s motives and actions speaks to the urgent need for transparency and accountability in its dealings with the Liberian government and local communities. In light of these developments, many in the mining industry are urging Liberian policymakers to be mindful of investors who engage in desperate means to achieve their ends. The future of Liberia’s mining sector hinges on ensuring that ethical standards and business practices are upheld, and the interests of all stakeholders are safeguarded. Only through transparency and accountability can the integrity of Liberia’s mining industry be preserved and the trust of its citizens restored.
Hello there! I simply want to offer you a big thumbs up for your excellent information you have got
here on this post. I’ll be coming back to your site for more soon.
Also visit my blog post; โปรแกรมทัวร์พม่า
Hi there everyone, it’s my first go to see at this website, and
paragraph is really fruitful in support of me, keep
up posting these types of content.
My spouse and I absolutely love your blog and find most of your post’s to be precisely what
I’m looking for. Does one offer guest writers to write content for
you? I wouldn’t mind publishing a post or elaborating on a few
of the subjects you write concerning here. Again, awesome blog!
Opéré par MTM corp, société licenciée et soumise
aux lois de Curaçao, le casino Lucky31 est présent sur le marché des casinos en ligne
depuis plusieurs années.
Its like you read my thoughts! You seem to know a lot approximately this, such as you
wrote the e book in it or something. I think that you simply can do with a few percent to pressure the message home a little bit, but instead of that, this is fantastic blog.
A fantastic read. I’ll definitely be back.
Howdy! This is kind of off topic but I need some
help from an established blog. Is it difficult to set
up your own blog? I’m not very techincal but I can figure things
out pretty fast. I’m thinking about setting up my own but
I’m not sure where to start. Do you have any ideas or suggestions?
Appreciate it
Excellent post! We are linking to this particularly great content on our site.
Keep up the good writing.
Нi thеre, tһis weekend is ɡood iin favor of mе, foor the reason tһat this mⲟment
i am reading tһis impressive informative piece οff writing here at my residence.
Oh myy goodness! Incredible article dude! Тhanks, Hⲟwever I
am experiencing difficulties ᴡith ʏour RSS.
Ӏ don’t know the reason ᴡhy І aam unable tto join іt.
Is therre anyboԁy else having the same RSS
issues? Anybody who кnows thee solution ⅽan youu kindly respond?
Thɑnx!!
Fantastic blog yoս hve here butt І was wondering iff you kew
of any սser discussion forums tһat cocer the same topics taalked аbout in this article?
Ӏ’d really liқe t᧐ bе а pаrt of online community ѡheгe Ι can get suggestions from оther knowledgeable individuals tһat share thе same іnterest.
If үou һave anny recommendations, ρlease let me know.
Apprecіate it!
What’s up і аm kavin, itѕ my firѕt occasion tߋ commenting anyplace,
ԝhen і rеad thijs pice of writing і thought i could ɑlso make comment
Ԁue to tһiѕ ѕensible piece of writing.
Its ⅼike уou гead mʏ mind! Υou aρpear to know
a ⅼot about this, like yοu wrote tһe book in it or somеtһing.
І tһink that you ⅽould do with some pics to drive tһe message һome
а Ƅit, butt instеad of tһat, this is magnificennt blog.
An excellent rеad. I will definitly Ьe baсk.
These are really fantastic ideas in on the topic of blogging.
You have touched some nice points here. Any way keep up wrinting.
Hi there i am kavin, its my first time to commenting anywhere, when i read this post i
thought i could also make comment due to this brilliant article.
Hi there, after reading this amazing paragraph i am too glad to share my knowledge here with friends.
I am sure this post has touched all the internet viewers, its
really really good article on building up new webpage.
I don’t even know how I ended up here, but I thought
this post was good. I don’t know who you are but certainly you’re going to a famous blogger if you
aren’t already 😉 Cheers!
Spot on with this write-up, I actually believe this
amazing site needs a lot more attention. I’ll probably be returning to read through
more, thanks for the info!
It’s very effortless to find out any topic on web as compared to books, as I found this paragraph at this site.
Hello there, I discovered your site by the use of Google whilst searching for a similar
subject, your web site got here up, it seems great.
I have bookmarked it in my google bookmarks.
Hello there, just turned into aware of your weblog via Google, and located that it’s really informative.
I am going to be careful for brussels. I’ll appreciate should you continue
this in future. Numerous people will probably be benefited
from your writing. Cheers!
Hi there, I enjoy reading through your article post. I like to write a little comment to support you.
Hey there! Someone in my Myspace group shared this website with us so I came to take a look.
I’m definitely enjoying the information. I’m bookmarking and will be
tweeting this to my followers! Great blog and brilliant design.
First off I want to say fantastic blog! I had a quick question in which
I’d like to ask if you don’t mind. I was interested to know how you center yourself and clear your head prior to writing.
I’ve had difficulty clearing my thoughts in getting my ideas out.
I truly do take pleasure in writing however it just seems
like the first 10 to 15 minutes are generally wasted just trying
to figure out how to begin. Any ideas or hints? Kudos!
Very soon this web site will be famous amid all blog people, due
to it’s pleasant posts
scammer
Sweet blog! I found it while searching on Yahoo News.
Do you have any tips on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!
Appreciate it
Hmm it seems like your website ate my first comment (it was extremely long) so I guess I’ll just sum
it up what I wrote and say, I’m thoroughly enjoying your
blog. I as well am an aspiring blog blogger but I’m still
new to everything. Do you have any helpful hints for newbie blog writers?
I’d certainly appreciate it.
Hello, i think that i saw you visited my web site so i came to return the choose?.I’m attempting to
in finding issues to improve my web site!I guess its adequate to make use of a few of your ideas!!
Hi there very cool website!! Guy .. Excellent .. Superb
.. I’ll bookmark your blog and take the feeds
also? I’m happy to find a lot of helpful info right here within the post, we need
work out more strategies on this regard, thanks for sharing.
. . . . .
Hello there! This post couldn’t be written any better!
Reading this post reminds me of my good old room mate! He always kept
talking about this. I will forward this page to him.
Fairly certain he will have a good read. Thanks for sharing!
I’m not sure why but this web site is loading extremely slow for me.
Is anyone else having this issue or is it a issue on my end?
I’ll check back later and see if the problem still exists.
I believe what you published was actually very reasonable. But, consider this, what if you added a little content?
I am not saying your information is not good., but suppose you
added a title to possibly grab people’s attention? I mean Liberia
News:HPX and the Secret Maneuver to Reportedly Acquire
Solway. – Liberia News | Stay Informed with the Latest Liberian News Today | New Republic Liberia is kinda plain.
You could glance at Yahoo’s home page and watch how they create article titles to get people
interested. You might try adding a video or a related picture or two to
grab readers excited about everything’ve got to say. In my opinion, it
could bring your posts a little livelier.