Africa-Press – Liberia. The Government of Liberia through the Ministry of Mines and Energy continues carve out policies and implement existing regulatory frameworks to enhance the mineral sector of Liberia.
To improve our regulatory oversight, the Ministry has embarked on the following:
Issuance Of Default Notices And Termination Notices
The Ministry has issued Termination Notices and Default Notices to fifteen (15) Mineral
Exploration license holders. These notices will affect twenty-seven (27) Mineral Exploration
Licenses. The affected companies have either not made the requisite filings required by Section 4.1 (a), Sec 12.1 (a) or Sec. 17.1 (c) of the Mineral Exploration Regulations of Liberia. As such, some of these licenses automatically expires at the end of the Initial Term of the Extended Term without requirement of action or notification by the Minister. As the result of these notices, the companies have the right to request hearing to contest the Ministry’s justification for termination according to Sec. 17.2 of the Mineral Exploration Regulations of Liberia.
As for those licenses that were issued Notices of Default, either the companies have not made the requisite filings required by Section 4.1 (a) within the period provided in such Section according to Sec 12.1 (a) of the Mineral Exploration Regulations, or there is no evidence of the 2% of the approved work budget for the affected licenses that apparently could neither be calculated nor verified for the periods according to Sec 9.3(b) of the Mineral Exploration Regulations; or the companies have not submitted the required Annual Environmental Audited Reports for the affected license(s) during the period under review according to Sec.10.2 of the Mineral Exploration Regulations.
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