{"id":5617,"date":"2021-12-20T12:44:44","date_gmt":"2021-12-20T12:44:44","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives"},"modified":"2021-12-20T15:04:35","modified_gmt":"2021-12-20T15:04:35","slug":"hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives","title":{"rendered":"HPX, Ivanhoe Liberia Welcome Decision by Liberia\u2019s House of Representatives"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>HPX and Ivanhoe Liberia welcome last week\u2019s decision by the House of Representatives to proceed to ratify the revised ArcelorMittal Liberia (AML) Mineral Development Agreement (MDA), and to strip out provisions that would have granted AML a \u201ccomplete monopoly\u201d over the Yekepa-Buchanan railway and port.<\/p>\n

According to a press release from the mining group, this vote, if concurred by the Senate this week, will ensure that the AML project goes forward, while protecting multi-user access for all stakeholders to this key infrastructure corridor, as per recommendations by the House\u2019s Joint Committee on Investment, Judiciary, Lands, Mines & Energy; and Ways, Means & Finance.<\/p>\n

This will effectively ensure fair multi-user access to the Yekepa-Buchanan infrastructure corridor for all potential users, including local passengers and businesses, and stimulate significant investment and economic activity.<\/p>\n

HPX and Ivanhoe Liberia are pleased that these decisions will enable them to proceed with their Nimba Iron Ore project \u2014 which will include significant Liberian components. In its press release on November 11, 2021, HPX and Ivanhoe Liberia announced the results of their extensive pre feasibility study.<\/p>\n

Their project will generate an additional US$600+ million in direct investment into Liberia, create upwards of 500 permanent jobs in construction and operations, and provide unspecified amounts in third party service-related contracts with local companies. Additionally, the use of this infrastructure by Ivanhoe Liberia will generate substantial income for the Liberian treasury through transit fees.<\/p>\n

HPX and Ivanhoe Liberia now look forward to working with the government of Liberia, AML, and all relevant stakeholders to finalize terms for fair multi-user access to this railway to maximize the social and economic benefit for the people of Liberia.<\/p>\n

\u201cI am very encouraged by the decisions made by the Joint Committee of the House,\u201d said Guy de Selliers, Chairman of Ivanhoe Liberia. \u201cThere is no doubt that the best outcome for Liberia is to have both major projects implemented concurrently. The significant expansion of the infrastructure linked to the Nimba Iron Ore project will in itself transform the Yekepa Buchanan railway and port into one of the largest infrastructure corridors in West Africa.\u201d HPX is a privately-owned, U.S.-domiciled mineral exploration and development company. Ivanhoe Liberia Limited is a Liberian registered mining company and wholly-owned independent subsidiary of HPX.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. HPX and Ivanhoe Liberia welcome last week\u2019s decision by the House of Representatives to proceed to ratify the revised ArcelorMittal Liberia (AML) Mineral Development Agreement (MDA), and to strip out provisions that would have granted AML a \u201ccomplete monopoly\u201d over the Yekepa-Buchanan railway and port. According to a press release from the […]<\/p>\n","protected":false},"author":84,"featured_media":5616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12,16],"tags":[233,237,234],"class_list":["post-5617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nHPX, Ivanhoe Liberia Welcome Decision by Liberia\u2019s House of Representatives - Liberia<\/title>\n<meta name=\"description\" content=\"HPX and Ivanhoe Liberia welcome last week\u2019s decision by the House of Representatives to proceed to ratify the revised Ar ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HPX, Ivanhoe Liberia Welcome Decision by Liberia\u2019s House of Representatives\" \/>\n<meta property=\"og:description\" content=\"HPX and Ivanhoe Liberia welcome last week\u2019s decision by the House of Representatives to proceed to ratify the revised Ar ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-20T12:44:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-20T15:04:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2021\/12\/img-61c09b650c4ed.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"780\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"HPX, Ivanhoe Liberia Welcome Decision by Liberia\u2019s House of Representatives\",\"datePublished\":\"2021-12-20T12:44:44+00:00\",\"dateModified\":\"2021-12-20T15:04:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives\"},\"wordCount\":397,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2021\/12\/img-61c09b650c4ed.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/hpx-ivanhoe-liberia-welcome-decision-by-liberias-house-of-representatives\",\"name\":\"HPX, Ivanhoe Liberia Welcome Decision by Liberia\u2019s House of Representatives - 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