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Margibi Citizens, Mining Firm Sign MOU
Date Uploaded: Mar 31, 2014

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Margibi Citizens, Mining Firm Sign MOU

By Richard Baysah, LINA Margibi County Correspondent

KAKATA, March 31 (LINA) - Citizens of Borlorla Township in District Number Five, Margibi County and the Stein Bock Mining Company have signed a Memorandum of Understanding (MOU) intended to help bring development to the township.

Speaking in an interview with the Liberia News Agency Monday, Borlorla Township Commissioner, James Weetor, said the MOU will give the Township a monthly land rental fee of US$1,000 and ensure improved road network from Massaquoi Town through Kuluyah and Darkor towns.

The Stein Bock Mineral Mining Company signed a Mineral Development Agreement with the Liberian Government to engage in the mining of barites, (a mineral used for the production of ceramic tiles and also used in the oil mining industries around the world), in District Number Five in Margibi County.

Currently, the barites in Liberia is said to be the best grade on the world market.

Under the MOU, youths of the township will be provided training opportunities by the Stein Bock mining company in various vocational disciplines, as its financial and mining scope expands.

Meanwhile, the Project Manager of the Stein Bock Mining Company has commended citizens of Borlorla Township for signing the memorandum of understanding with his company.

Mr. Andrew Yancy said his company will do everything to live up to the terms of agreement.



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