Four companies have submitted bids to develop Liberia’s $1.6 billion Western Cluster iron ore project, Lands, Mines and Energy Minister Eugene Shannon said.
Delta Mining Consolidated Ltd., which won the initial bid to develop the deposit last year, was not among the bidders when the envelopes were opened in the capital, Monrovia, today, Shannon said.
The four companies that submitted bids are Israel-based Elenilto Mineral Mining Ltd., a unit of the Engelinvest Group, Capital Steel Global from China, Formento Ltd. and Global Steel Holdings Ltd.
The bids will now be scrutinized by a committee, which will decide on the awarding of the contract, Shannon said.
The Western Cluster project consists of three deposits and two idled mines. The mines on the deposits closed in 1976 and 1985 and their equipment was sold as scrap during Liberia’s two civil wars, the last of which ended in 2003.
Source: Bloomberg
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