2nd Liberian Mining, Energy & Petroleum Conference & Exhibition

Monrovia, Republic of Liberia

09 – 11 April 2013

 

Africa’s Lone Star Rising: from Peace to Prosperity

 

The 2nd Liberian Mining, Energy & Petroleum Conference & Exhibition (LIMEP 2013) will take place from 09 – 11 April 2013, in Monrovia, Republic of Liberia. This event is organised by the Ministry of Lands, Mines and Energy, in partnership with AME Trade Ltd.

LIMEP 2013 is a turnkey event focusing on Liberia’s mining, energy and petroleum potential and their sustainable development. LIMEP will feature three days of conference sessions, a trade exhibition, round table discussions, seminars as well as touristic trips and mine site visits.

The inaugural LIMEP which took place in 2011 was a major success, featuring over 400 delegates, 59 speakers and 40 exhibiting companies emanating from 27 countries. It was the largest ever industry event to be organised in Liberia. The event was inaugurated and opened by Nobel Prize winning, President of the Republic of LiberiaHer Excellency Ellen Johnson Sirleaf.

The main theme of LIMEP 2013 is Equitable and optimal exploitation of Liberia’s natural resources to underpin broad-based sustainable growth and socio-economic development”

LIMEP 2013 will offer an increased focus on the Liberian energy and oil & gas sectors.

Liberia: a democratic & transparent investment destination blessed with abundant natural resources.

  • Liberia is rich in natural resources notably: Iron Ore, Diamonds, Gold, Bauxite and possesses a high petroleum potential. However the country is under explored for the aforementioned resources.
  • Investment and mining laws are globally competitive with 100% repatriation of profits and no currency exchange restrictions.
  • Liberia has been named the first Extractive Industries Transparency Initiative Compliant Country on the African continent.
  • The Ministry of Lands, Mines and Energy in April 2010 opened a Mining Cadastre centre, the efficiency and reliability of the Mining Cadastre Information Management System will enhance the momentum of flow of private mining investment.
  • Liberia in March 2010 published a new mineral policy, which aims to provide an equitable and competitive mining sector, fully integrated into the African market and constitute a major player in National, continental and international capital and commodity markets. It is also intended to provide a framework that will guide the sustainable management of Liberia’s mineral resources.

Highlights of Liberia’s mining, petroleum and energy industries

 

Iron Ore

  • Estimated >3,443 Mt reserves.
  • Globally #3 iron exporter in 1960s and #1 producer in Africa.
  • Major iron ore deals have been signed in Liberia over the last decade with a value of approximately $10 billion.
  • Buchanan port is being expanded and a 15-million-ton-a-year iron concentrator built to deal with iron ore exports.
  • Iron ore production in Liberia was restarted at the end of 2011.
  • Massive exploration projects are on course with new mines expected to come into production within the next five years.

 

Gold

  • Liberia’s “Cestos Shear zone” is part of the West African gold fields which hosts Siguiri mine (Guinea), Ity mine (Ivory Coast), Syama Mine (Mali). There is an overwhelming prospectivity for major gold deposits.
  • Strong E-W and WNW shear zones associated with greenstone.
  • Major exploration program underway and first commercial gold production is expected soon.

Diamonds

  • Alluvial diamonds mined widely in Northern, Central and Western Liberia.
  • Highly prospective Archaean craton.

 

Petroleum

  • Interest in Liberia’s offshore reserves has been rising due to the recent Venus discovery in Sierra Leone during September 2009 which could confirm a new oil frontier.
  • 17 blocks are on offer in Liberia,  of which six are under contract, initial explorations results are encouraging with an oil discovery made offshore.

 

Energy & Electricity

  • Please find attached an interesting link highlighting the Ministry of Lands, Mines and Energy strategy with its partners for the development of the energy sector.
  • The Government has implemented an Access Plan with the support of the World Bank, the first phase of the plan will run from 2012 – 2015 and the second from 2016 – 2030.
  • Phase 1 will include an aggressive expansion of transmission and distribution and increasing number of connections in all cities and major towns in Liberia.
  • The vision of the project is to provide the minimum of 70% access to electricity for Monrovia and 35% access for rest of the country by 2030.
  • Mount Coffee Hydro Plant is expected to be rebuilt and functioning by Christmas 2015, producing an expected 64 megawatts of electricity.