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

Margibi Flag



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.



latest headlines
‘Poverty Rate Still High In Africa,’ Says WB Lead Economist
World Bank Lead Economist and the author of the Africa’s Pulse Report, Punam Chuhan-Pole, has observed that with poverty rates still high in th ...more
African Media Group Condemns Killing Of Nigerian Journalist
The Media Foundation for West Africa (MFWA) says it has received with shock reports that Famous Giobaro, a desk editor with the state-owned Glory ...more
LNP Assures Female Contestants Of Full Protection
Police Inspector General Gregory Coleman has assured women vying in the October elections of full police protection during their campaign process ...more
WFP Official Urges Joint Efforts For ‘Zero Hunger’ Goal In Liberia
The World Food Program (WFP) Regional Director for West and Central Africa, Abdou Dieng, has called for collaborative efforts by Liberians to ach ...more
Apostle Suleman Coming To Liberia Again
The President and Founder of the Nigeria-based Omega Fire Ministries (OFM) international is due in the country for a two-day crusade beginning Ma ...more
Police Chief Nudges Youth To Embrace Peace
Police Inspector-General Gregory Coleman has called on Liberian youths to do away with violence and embrace positive thoughts and actions for the ...more
All rights reserved © 2013 - 2014
Liberia News Agency