Mining industry of Liberia

Iron ore mining

The mining industry of Liberia has witnessed a revival after the civil war which ended in 2003.[1] Gold, diamonds, and iron ore form the core minerals of the mining sector with a new Mineral Development Policy and Mining Code being put in place to attract foreign investments.[2] In 2013, the mineral sector accounted for 11% of GDP in the country and the World Bank projected a further increase in the sector by 2017.[3]

Mining sector is considered the prime mover for the economic growth of the country and its exploitation has to be appropriately balanced with sustainable environmental preservation of its rich biodiversity.[4] Apart from iron ore extractions, cement, diamond, gold, and petroleum resources have also been given due importance to enrich the economy of the country.

  1. ^ "Liberia". Natural Resource Governance Institute. Retrieved 1 June 2015.
  2. ^ "Mining in Liberia- Overview". mbendi.com. Archived from the original on 6 December 2000. Retrieved 1 June 2015.
  3. ^ "Quick-Action Helps Maintain Key Mining Industries during Ebola Outbreak". USGS. 7 April 2015. Retrieved 1 June 2015.
  4. ^ "Coordinating Mining Conservation Efforts in Liberia". World Bank. 28 April 2015. Retrieved 1 June 2015.