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Overview

The 1st Liberian Mining, Energy & Petroleum Conference & Exhibition (LIMEP 2011)
will take place from 11 – 13 April 2011, in Monrovia, Republic of Liberia.

This event is organised by the Ministry of Lands, Mines and Energy, in partnership with AME Trade Ltd.

LIMEP 2011 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 will gather international investors, industry experts, Liberian decision makers, development partners and donors, as well as other key actors and partners in Liberia’s extractive industries.

The main theme of LIMEP 2011 is “Integrating the mining, petroleum and energy sectors into
the development strategy for a Liberia that is moving forward.”

Liberia: a democratic & transparent investment destination blessed with abundant natural 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
• Current major iron projects in Liberia: Yekepa - 1Bt, Putu – 1.1Bt,
Goe Fantro- 0.05Bt, Bong - 0.29Bt
• Liberia geographical position is crucial to regional mining infrastructure as major iron ore deposits in Guinea could be transported through Liberia’s ports and regional infrastructure projects initiated.
• Major iron ore deals have been signed in Liberia over the last decade with a value of approximately $10 billion.

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
• Widespread occurrence of gold workings in all provinces
• High-grade gold mineralization has been found at New Liberty Mine and could soon become Liberia’s first industrial goldmine.

Diamonds

• Alluvial diamonds mined widely in Northern, Central and Western Liberia
• Highly prospective Archaean craton
• Kimberlite dykes and pipes suggest primary source
• Potential areas are still available for further investment
• Liberia became a Kimberley Process (KPCS) compliant country on May 4, 2007.


Official diamond export recommenced in September 2007

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.
• Liberia has held three licensing rounds, starting in 2004 and most recently in 2009-2010. Some of the world’s major exploration companies along with junior players have acquired blocks in the country.
• Offshore Liberia is a vastly unexplored covering more than 100,000 km2 - to water depths of 4,000 m. Only 7 exploration wells were drilled offshore from 1970 to 1985. Since 2004, 9,400 km of 2D seismic data (including gravity and magnetic data) has been carried out in the offshore area of Liberia, which has played a key part in attracting companies to the region and understanding the potentialities.

Energy & Electricity

• The Liberia Electricity Corporation LEC has signed a five-year Management Contract with Manitoba Hydro International (MHI). The contract which is valued at US$53m was signed on Tuesday April 20, 2010. This will include the management of LEC and is aimed at strengthening the various capacities at LEC and to deliver efficient and sustainable electricity to the city of Monrovia and its environs.
• Liberia's electricity generation capacities will more than double within the next year from 10 megawatts to 23 megawatts.
• The Rural and Renewable Energy Agency (RREA) has been established with the aim to administer electrification to rural areas through renewable and least-cost energy technologies and resources, including micro-hydro power plants, small biomass power plants, solar photovoltaic applications, and other mini-grid and stand-alone systems.
• The Cote d’Ivoire –Liberia-Sierra Leone – Guinea (CLSG) Interconnection Project being undertaken by the West African Power Pool (WAPP) is one of the objective of establishing a more secured, reliable transmission corridor for transfer of low cost energy and the construction of approximately 1,100 Km of high voltage transmission line.
• Funding is being gathered for the rehabilitation of the Mount Coffee hydroelectric power plant and a mini hydro plant in Yanduhun Lofa County.