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China Union Mining Company signed a 25-year mineral development agreement with the government of Liberia in 2007. The investment was considered one of the largest foreign direct investments …

Description: In 2008, China-Union Investment Co. Ltd. announced a US$2.6 billion dollar project to renovate the Bong Mines, located 150 km north Monrovia. The mine was formerly operated by a German company, but production was interrupted by the Liberian Civil War (1989-2003). The formal agreement was signed on January 9, 2009.

He said the impacts of Ebola in 2014 and the COVID-19 pandemic have placed the government in a tight fiscal space. But with signs that the China Union will be resuming operations, government revenue will get some boost. China Union Mining Company signed a 25-year mineral development agreement with the government of …

Liberian Observer Online. A Chinese company, Bao Chico Resources, has asked the Government of Liberia to grant it a 25-year Class A mining license to extract iron ore. The company's request, which President George Weah has bought into, has been communicated to members of the legislature for ratification despite the record of China …

Neplole Kollie Town, Margibi – "I expected good to come from China Union," says Oldman Sackie, an elder in this town, established in 1966, few hours' drive from Kakata, the main city in Margibi County." Report by Mae Azango maeazango@frontpageafricaonline "It was once host to German owned-Bong …

China Union Bong Mining Company, Liberia LTD acquired a 25-year mineral development agreement (MDA) from the Liberian government in 2010, worth US$2.6 billion, but was forced to close its mining operations due to the low price of iron ore on the world market.

MONROVIA, LIBERIA-The Management of China Union Mining Company in Bong County has signed a Memorandum of Understanding (MoU) with protesting workers of the Company to address their demands. According to the MoU, China Union has agreed to pay six hundred US Dollars to each employee for two years as education …

In 2013, the mine project of the China-Union Investment Bong Mines Company was put into production and created more than 400 employment opportunities for Liberia. The project has been affected to some extent by the fluctuation of iron ore prices and the Covid-19 epidemic, and is currently preparing to resume work and production.

China Union Mining Company signed a 25-year mineral development agreement with the government of Liberia in 2007. The investment was considered one of the largest foreign direct investments on ...

In 2013, the mine project of the China-Union Investment Bong Mines Company was put into production and created more than 400 employment opportunities for Liberia. The project has been affected to some extent by the fluctuation of iron ore prices and the Covid-19 epidemic, and is currently preparing to resume work and production.

The born-again Bong mines. The US$2.68 billion Bong Mines deal hands the Chinese consortium led by Yin Fuyou and China Union a 25-year concession for the formerly German-owned Bong Mines in Bong Country, north-east of Liberia's capital, Monrovia. It covers 352 square kilometers and has been only partially explored: it is reckoned to hold …

Arcelormittal has a 70% stake in the Western Range Project, which is expected to increase production from 4.7 million metric tonnes in 2013 to 15 million tonnes in 2015. A new project being developed by China Union Mining in Bong is expected to produce 10 million metric tonnes of iron ore by the end of 2016. In the gold sector, …

CHINA-UNION (HONG KONG) MINING CO., LTD., a corporation organized under the laws of Hong Kong, and CHINA-UNION INVESTMENT (LIBERIA) BONG MINES CO., LTD. a corporation organized under the laws of Liberia. Capitalized terms used in this Agreement without other definition have the respective meanings assigned thereto in Section 1 of …

A case study was conducted on one of the iron ore mines (China Union Bong Mines Investment) to analyze the effects of the water quality on the local water environment. The results show that the analyzed water sample concentrations were all above the WHO and Liberia water standard Class I guidelines for drinking water.

This report examines the relationship between residents of Fuamah District in Bong County and China Union, a major international investor in Liberia's iron ore sector. ... the government of the Republic of Liberia, the local community, and outside observers. Section. Mining. Publication Type. SDI Briefings. Sustainable Developement Institute P ...

2.2 China Union Mining Company, Liberia The China Union Investment (Beijing) Company (CUIC), Liberia, West Africa is selected for the study. Bong Mine, as it is normally called, is a highly mechanized

Rep. Fahnbulleh further said that China Union, in keeping with the MDA, is falling short of the annual social contribution of US$3.5 million to communities within the concession area; the provision of general education funding of US$250,000 annually for scholarships, and operation of a Mining and Geology Institute at the University of Liberia.

On August 2, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Co. (WISCO) announced that the first phase of the Bong mine iron ore project in Liberia was successfully commissioned on July 30. WISCO owns a 60 percent stake in the project following an investment of $500 million. The project in question is the …

These products are from a 1.5 million tonnes/year dry grinding mill at the Bong mine in central Liberia. The Liberian government was expected to grant a 25-year "A-level" iron ore mining license to the China's Baowu Group-backed Bao Chico Resources Liberia Company, after it has asked the Government of Liberia to grant it a …

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