Grand Bassa County is poised for a significant economic transformation as Sen. Gbehzohngar Findley announced that a deal for the development of the region’s Iron Ore Tailings in Barconie, Buchanan, is on the verge of being finalized. According to Findley, the deal is set to bring an estimated $30 to $40 million USD in benefits to the county.
Although Findley declined to reveal the name of the company involved in the project, he assured the public that the agreement has been thoroughly reviewed and deemed favorable for Grand Bassa County. The project is expected to provide a substantial economic boost, not only through financial investments but also by creating hundreds of new jobs.
As part of the agreement, the company is scheduled to begin construction next month on a state-of-the-art 300 tons per hour (TPH) Iron Ore Beneficiation Plant. This facility will be responsible for processing iron ore tailings, significantly increasing local production capacity.
Local authorities are optimistic about the prospects of the project, which is seen as a major opportunity for sustainable development in the region. The establishment of the beneficiation plant is aligned with broader efforts to strengthen Liberia’s mining sector while stimulating the local economy and creating long-term benefits for the people of Grand Bassa.
The deal is also expected to provide a boost to the country’s broader mining industry by enhancing infrastructure and adding value to raw materials, positioning Liberia as a more competitive player in the global mining market.
With the potential to create hundreds of jobs and generate millions in revenue, this project stands as a significant milestone in the economic development of Grand Bassa County and the wider Liberian economy. 𝑩𝒚: 𝑾𝒓𝒐𝒊𝒏𝒃𝒆𝒆 𝑬𝒍𝒕𝒐𝒏 𝑻𝒊𝒂𝒉
