Tuesday, 3 June 2008

Bong Iron Ore Range Out for US $1.6 Billion Bid

Four international mining companies have expressed interest in operating the Bong Range iron ore deposit, formerly Bong Mines, the Ministry of Lands, Mines and Energy has disclosed. Last week, the Ministry opened the sealed bids for the exploration of the Bong Range iron ore deposit with four bidders contesting: Vandanta Resources PLC from India; China Union Investment Ltd; a Liberian company, Beleh Resources Company Liberia Ltd, and an Israeli Firm, BSG Resources. The Minister of Lands, Mines and Energy, Dr Eugene Shannon, said the investment into the Bong Range is estimated at US$1.6 billion. "We are responding to the economic pillar where we continue to bring in more resources to reverse the migration pattern as well as resolve the crisis of migration from rural to urban areas. Monrovia now accommodates 1.6 million people but was made for 360,000. To have these people go back, we have to create centers for economic activities". allafrica.com
This is interesting news for the many hundreds of crew and ex-crew who have enjoyed trips up the railway to visit the abandoned and looted Bong Mines and risk their lives swimming with the bugs in the crystal clear lake...Olly

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