Curated News
By: NewsRamp Editorial Staff
August 28, 2024
Pasofino Gold: Unlocking Liberia's Untapped Gold Potential
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- Investment in Liberia's gold mining sector has attracted billion-dollar players like ArcelorMittal, Liberty Gold, and Hummingbird Resources, creating opportunities for significant ROI.
- Pasofino Gold's 25-year agreement with the Liberian government includes a 3% royalty rate on gold production and a 25% income tax rate, with only 20% of the Dugbe Gold Project explored so far.
- Pasofino Gold's investment in the Dugbe Gold Project has the potential to contribute to the development of Liberia, creating economic opportunities and potentially improving the lives of the local community.
- Liberia's mining laws, high level of FDI, and extensive exploration by companies like Pasofino Gold make it a potentially attractive investment destination in West Africa.
Impact - Why it Matters
This news matters because it highlights Liberia's potential as a key player in the gold mining industry, attracting significant investment and creating opportunities for economic growth and development in the region.
Summary
Liberia's rich mineral resources, including gold and iron ore, have attracted significant investment from companies like ArcelorMittal, Liberty Gold, and Hummingbird Resources. Pasofino Gold sees Liberia as a strong candidate for gold mining due to its unique characteristics and completed feasibility study. The government's pro-mining stance and compliance with transparency initiatives make Liberia an attractive investment destination in West Africa.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Pasofino Gold: Unlocking Liberia's Untapped Gold Potential
