Guinea signs MOU with Liberia about iron ore export
2019-07-19 17:48:50 [Print]
George Weah, the President of Liberia, visited Guinea from 11-13 July and talked about economy, safety and bilateral stability of both countries with Zogota Alpha Conde, the President of Guinea. Both countries would develop Mifeiji, Zogota and Zari iron ores in Guinea and export the material by railways via Leigh Buchanan and Monrovia ports in Liberia.
The value of iron ore reserve in the area is more than USD21 billion, but as it is 500km away from Conakry, the capital of Guinea, the cost for railway construction may reach USD10 billion; however, it will save a lot if export through railways and ports in Liberia. In addition, the facility construction or maintenance in Liberia would greatly promote the development of the county and offer more jobs.
The value of iron ore reserve in the area is more than USD21 billion, but as it is 500km away from Conakry, the capital of Guinea, the cost for railway construction may reach USD10 billion; however, it will save a lot if export through railways and ports in Liberia. In addition, the facility construction or maintenance in Liberia would greatly promote the development of the county and offer more jobs.
