Vice President of Liberia Jeremiah Kpan Koung says the mineral sector of the country plays a vital role in strengthening the economy. “With mineral resources contributing an impressive 52 percent to Liberia’s GDP and accounting for 93 percent of its exports,” the Vice President highlighted the nation’s abundant reserves, including gold, diamonds, and iron ore.
These remarks were made Friday, October 25, 2024 during the official handover of the results of Liberia’s Mineral Resource Survey project, conducted in collaboration with the Government of Liberia and the People’s Republic of China.
The initiative aims to unlock the full potential of Liberia’s mineral wealth. At the event held at the Ministry of Mines and Energy, VP Koung stressed the importance of this survey in assessing the nation’s mineral resources, stating that it is crucial for future economic development.
On behalf of President Joseph Nyuma Boakai, he expressed gratitude to the People’s Republic of China for their partnership in this significant project, which represents the first comprehensive mineral survey since the end of Liberia’s civil war. He also acknowledged the historical contributions of the U.S. and British Governments in advancing Liberia’s mineral sector.
