The Joint Committee on land, Investment, Judiciary, Contract and Concession of the Lower House of the Liberian Legislature on Monday August 10, 2009 held a public hearing on the US$150M Mineral Development Agreement entered into by the Government of Liberia and the American Liberia Company (AMLIB) which covers Montserrado, Rivercess, and Grand Gedeh Counties.
The Chairman of the Joint Committee Representative Mathew Darblo, Sr. of Grand Cape Mount District #2 has disclosed that the public hearing is a way of soliciting expert opinions in the process leading to the ratification of the agreement by the Legislature. According to him, the Legislature is eager to ensuring that qualified Liberians get jobs which will enable them live a better life after 14- years of civil upheaval which shattered the economic as well as the lives of the people.
For his part, Land, Mines and Energy Minister Eugene Shannon said the AMLIB Mineral agreement seeks to provide sustainable housing, free Medical care and training capacity for would be employees of the Company. According to him, there will be massive employment that will enhance Government's poverty reduction drive. "This contract when ratified by the Legislature will create job opportunities for our people and at the same time set the platform for the reduction of poverty after many years of civil war in Liberia." He noted.
Also speaking at the hearing National Investment Commission Boss, Dr. Richard Tolbert intimidated that he is delighted with the AMLIB Mineral Agreement because it has met all criteria set by his commission as well as the consideration of environmental concerns. He disclosed that the company has pumped US$ 30M in the area of exploration over the period of 18-months.The NIC Boss explained that the contract points to the health sector of Liberia's investment climate.
According to him, the company will mine in Montserrado, Rivercess and Grand Gedeh Counties, for the period of twenty-five years. Making his contribution at the hearing, the Deputy Minister for Administration at the Ministry of Finance, Hon. Tarnue Marwolo who proxy for his boss averred that the private sector investment is one of the major means by which the country can enhance economic growth and development. As such, his institution was satisfied with the AMLIB Mineral agreement since it is geared toward creating more jobs for the ordinary Liberians, something he also alluded to as a means of reducing poverty in Liberia.