Mining
Mining plays a significant role in the Liberian economy accounting for about 30% of gross domestic product and averaging 68% of foreign exchange earnings.
The major minerals are GOLD, DIAMOND, IRON ORE, and BAUXITE.
All of these are mainly exported in a raw or semi-finished form. Liberia has large reserves of rich iron ore and was a major world exporter of the commodity.
The predominant position of Iron Ore mining in the economy has largely overshadowed the importance of the potential of other mineral resources, particularly in the fields of GOLD, DIAMOND and MANGANESE, amongst others.
Liberia has widespread occurrences of iron ore. Before the civil crisis (1951-1985), 613 metric tons of ore had been mined; it is estimated that there is a present reserves of 3,443 metric tons.
To establish business in the mining industry, potential entrepreneurs/investors must:
The major minerals are GOLD, DIAMOND, IRON ORE, and BAUXITE.
All of these are mainly exported in a raw or semi-finished form. Liberia has large reserves of rich iron ore and was a major world exporter of the commodity.
The predominant position of Iron Ore mining in the economy has largely overshadowed the importance of the potential of other mineral resources, particularly in the fields of GOLD, DIAMOND and MANGANESE, amongst others.
Liberia has widespread occurrences of iron ore. Before the civil crisis (1951-1985), 613 metric tons of ore had been mined; it is estimated that there is a present reserves of 3,443 metric tons.
To establish business in the mining industry, potential entrepreneurs/investors must:
- Submit all applications for the permission to prospect, mine, purchase, sell, import/export and otherwise deal in diamond, gold, and other minerals in the Republic of Liberia, shall be made to the Minister of Lands, Mines and Energy
- Submit letter of intent to the Minister of Lands, Mines and Energy
- Present most recent financial and performance documents on the investor’s around the world
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