LIMEP 2011, 1st Liberian Mining, Petroleum and Energy Conference and Exhibition (LIMEP 2011)
Venue: City Hall
|Event Date/Time: Apr 11, 2011||End Date/Time: Apr 13, 2011|
|Registration Date: Apr 07, 2011|
|Early Registration Date: Feb 01, 2011|
|Abstract Submission Date: Feb 01, 2011|
|Paper Submission Date: Apr 01, 2011|
The main theme of LIMEP 2011 is â€œEquitable and optimal exploitation of Liberiaâ€™s natural resources to underpin broad-based sustainable growth and socio-economic developmentâ€
Liberia: a democratic & transparent investment destination blessed with abundant natural resources
After two decades of instability and civil war, a government was democratically elected in 2006 and Africaâ€™s first ever female President sworn into office.
Liberia is rich in natural resources notably: Iron Ore, Diamonds, Gold, Bauxite and possesses a high petroleum potential. However the country is under explored for the aforementioned resources.
Investment and mining laws are globally competitive with 100% repatriation of profits and no currency exchange restrictions
Liberia has been named the first Extractive Industries Transparency Initiative Compliant Country on the African continent.
The International Monetary Fund in 2010 stated that Liberia had made strong advances in financial management and transparency in the mining sector and was on track to clear much of its debt this year under the Heavily Indebted Poor Countries Initiative
The Ministry of Lands, Mines and Energy in April 2010 opened a Mining Cadastre centre, the efficiency and reliability of the Mining Cadastre Information Management System will enhance the momentum of flow of private mining investment.
Liberia in March 2010 published a new mineral policy, which aims to provide an equitable and competitive mining sector, fully integrated into the African market and constitute a major player in National, continental and international capital and commodity markets. It is also intended to provide a framework that will guide the sustainable management of Liberiaâ€™s mineral resources.
Highlights of Liberiaâ€™s mining, petroleum and energy industries
Estimated >3,443 Mt reserves
Globally #3 iron exporter in 1960s and #1 producer in Africa
Major iron ore deals have been signed in Liberia over the last decade with a value of approximately $10 billion.
Liberiaâ€™s â€œCestos Shear zoneâ€ is part of the West African gold fields which hosts Siguiri mine (Guinea), Ity mine (Ivory Coast), Syama Mine (Mali). There is an overwhelming prospectivity for major gold deposits
Strong E-W and WNW shear zones associated with greenstone
Alluvial diamonds mined widely in Northern, Central and Western Liberia
Highly prospective Archaean craton
Interest in Liberiaâ€™s offshore reserves has been rising due to the recent Venus discovery in Sierra Leone during September 2009 which could confirm a new oil frontier.
Energy & Electricity
The Liberia Electricity Corporation LEC has signed a five-year management contract with an international energy provider. The contract which is valued at US$53m was signed on Tuesday April 20, 2010.
Liberia's electricity generation capacities will more than double within the next year from 10 megawatts to 23 megawatts.