As per the MOU, the company will transship some 789 million tons of iron ore from its Diecké project in Guinea, which is just 2 kilometers north of the Ganta, Nimba County, through the Yekepa-Buchanan rail line. “We are very happy to sign this MOU with the Liberian government,” Al Khaldiya Mining Private Ltd CEO Rohan Patnaik said in a press release issued on Thursday. The Transshipment of iron ore would provide a significant number of jobs, Patnaik said, adding it would create jobs in the trucking, spare parts, the Port of Buchanan and other markets in the mining supply chain of the mining sector. This would generate much-needed revenue and spur growth of the mining sector, which the World Bank estimates will grow by 7.8 percent this year due to increased gold and iron ore production. The company would conduct a comprehensive assessment of the environmental and social impacts of the iron ore transshipment on local communities and forest for the transshipment project, Patnaik said.

Source: Front Page Africa March 06, 2020 04:18 UTC