Monrovia, Liberia – The importance of the mining industry to Liberia’s economy has been underlined by Vice President Hon. Jeremiah Kpan Koung. “Mineral resources contributes an impressive 52 percent to Liberia’s GDP accounting for 93 percent of its exports including gold, diamonds, and iron ore.“
During the formal handover of the findings of Liberia’s Mineral Resource Survey project, which was carried out in cooperation with the Liberian government and the People’s Republic of China, the vice president made the statements on Friday, October 25, 2024.
The initiative aims to unlock the full potential of Liberia’s mineral wealth. VP Koung emphasized the significance of this study in evaluating the country’s mineral resources at the ceremony hosted by the Ministry of Mines and Energy, saying it is essential for future economic growth.
VP Koung conveyed President Joseph Nyuma Boakai’s appreciation to the People’s Republic of China for their collaboration, the first thorough mineral survey since the civil war in Liberia ended. Additionally, he recognized the historical contributions made by the British and American administrations to the development of Liberia’s mining industry.
Reported by: Prince Saah
Contact: +231778239813
Email: saahprince119@gmail.com
