Grand Bassa To Benefit 40 million U.S Dollars From iron ore tailing

Capitol Hill Monrovia Liberia: Grand Bassa County is poised to see significant economic transformation in iron ore tailing in Barconie Town, Senator Milton Gbehzohngar Finley has disclosed.

 According to Findley, the deal is set to bring an estimated 40 million United States Dollars in benefits to the county.

Iron ore tailings are the byproducts left after extracting iron from ore during the beneficiation process. When iron ore is processed to separate the valuable iron from impurities (such as clay, sand, and other minerals), the waste materials that remain are called tailings.

These tailings typically consist of fine particles of sand, clay, and sometimes minerals like quartz or feldspar, and they are usually stored in large tailing ponds or stacks.

The disposal and management of iron ore tailings can be a challenge, as they may contain harmful chemicals, and their accumulation can lead to environmental issues like water contamination or soil degradation. However, research is ongoing into ways to recycle or repurpose tailings for other uses, such as in construction materials or even in the production of new materials.

Although Senator Finley declined to reveal the name of the company involved in the project, he assured the public that the agreement was thoroughly examined which will serve in county’s interest.

 The project Senator Finely said is expected to provide a substantial economic boost through financial investments and new jobs.

 As part of the agreement, the company is scheduled to begin construction next month on a state-of-the-art 300 tons per hour (TPH) Iron Ore Beneficiation Plant.

 This facility will be responsible for processing iron ore tailings, significantly increasing local production capacity. 

 The establishment of the plant will align with a broader effort to strengthen Liberia’s mining sector while stimulating the local economy and creating long-term benefits for the people of Grand Bassa.

 With the potential to create hundreds of jobs and generate millions in revenue, this project stands as a significant milestone in the economic development of Grand Bassa County and the wider Liberian economy.