Wilmington, Delaware —
- Trump Administration complications public notify in make stronger of independently operated multi-individual rail in Liberia
- Mr. Massad Boulos, Senior Issue Department Handbook on Africa has confirmed the United States Government’s decent relate:
“Reliable infrastructure is key to sustainable development. In Liberia, President Boakai is making progress in establishing a multi-user railway managed by an independent operator which will create new economic opportunities for Liberia’s people and attract U.S. investors. The U.S. endorses his initiative and urges all parties involved to make a deal quickly.” - Ivanhoe Atlantic concluded negotiations with the Government of Liberia on its formal concession and rail get entry to settlement (“the Agreement”) on 18 April 2025
- Liberia’s Inter-Ministerial Concessions Committee now conducting a closing evaluation before the Settlement is offered to President Boakai
- Ivanhoe Atlantic’s proposed Settlement entails a comprehensive fiscal kit to Liberia rate billions of bucks in income for the transport of iron ore from its mining concession in neighbouring Guinea
- Final approval of the Settlement will get the choice for extra mining, agricultural and industrial makes employ of of the shared multi-individual rail infrastructure
- Ivanhoe Atlantic President & CEO Bronwyn Barnes will lead a delegation to Liberia to finalise the Rail Glean admission to Settlement and meet with President Boakai
Ivanhoe Atlantic Inc. has welcomed comments in a put up on social media platform X by Mr. Massad Boulos, Senior Issue Department Handbook on Africa, supporting multi-individual railway infrastructure managed by an fair operator in Liberia.
Mr. Boulos confirmed the United States Government’s decent relate, and congratulated President Boakai on the numerous growth he has made since October 2024 in transitioning the recent infrastructure in Liberia to a multi-individual model overseen by an fair operator to be appointed by the Government. The recent railway infrastructure is currently managed by Indian mining interests for their very gather employ. The model proposed by President Boakai in Executive Philosophize 136, launched in October 2024, enshrines suggestions of equity, equality and transparency to plan extra customers to the line, with the formation of a National Railway Authority – a recent Government physique to oversee the appointment of an fair operator.
The notify by Mr. Boulos used to be extra echoed and reposted by the United States Embassy in Liberia, as confirmation of US Issue Department a
nd Government’s policy relate on the topic of multiuser rail and fair operatorship for infrastructure supporting fundamental mineral tasks across Africa.
Ivanhoe Atlantic Concession and Rail Glean admission to Settlement
Ivanhoe Atlantic also offered this day that it had concluded closing negotiations with the Inter-Ministerial Concessions Committee (“IMCC“) detailing all ethical, technical, and fiscal phrases in its Settlement to allow industrial employ of the Yekepa to Buchanan Railway Infrastructure.
The Settlement will present for the export of as much as 30mtpa the utilization of recent Liberian rail and port infrastructure and is in closing evaluation by the IMCC before being forwarded to President Joseph N. Boakai, Sr. for his closing approval. Following signing, the Rail Settlement would possibly be submitted to the National Legislature for ratification.
Assertion by Bronwyn Barnes, President and CEO
“It is pleasing to see that Mr Boulos, the State Department and the US Embassy in Monrovia have all endorsed President Boakai’s commitment to multi-user infrastructure that is independently operated to international standards. As an American Company, we work very closely with the current US administration to ensure secure and transparent critical mineral supply chains to meet global demand”.
“We indulge in got made fundamental growth on our rail get entry to settlement with the Government of Liberia over the past few months, and we stare forward to concluding this Settlement in the upcoming days.
I’m very grateful to President Boakai and his administration for their ongoing make stronger and commitment to attain negotiations and their deep commitment to guaranteeing that Liberia realises the plump economic and social rate of its infrastructure. I stare forward to working in partnership with the Liberian Government, the soon to be appointed National Railway Authority and the fair rail operator after they’re chosen by the Liberian Government. These strategic adjustments to the manner that Liberia manages its fundamental national infrastructure will reveal generational advantages for the individuals of Liberia, and can indulge in to clearly reveal solid financial advantages from a pair of customers in future”.
Fiscal Proposal and Economic Affect
Ivanhoe Atlantic has submitted a comprehensive proposal to the Government of Liberia that would possibly reveal fundamental domestic revenues from the utilization of the present rail and port infrastructure in Liberia.
The expected fiscal kit for Liberia over 25 years entails US$1.4 billion in rail individual prices for haulage of iron ore thru Liberia, a projected US$600 million heaps of taxes and fees, US$175 million for communities in three of Liberia’s counties impacted by the numerous elevate in rail exercise and roughly US$900 million in infrastructure works on roads, rail, port and heaps of facilities. This scale of investment is predicted to generate upwards of 500 direct employment alternatives in the operations and as much as three,000 oblique roles with many extra right thru the building. As effectively as, a pair of native downstream economic alternatives are expected for suppliers of goods and products and services.
Within the instant term, upon ratification of the Rail Settlement, Ivanhoe Atlantic has agreed to pay US$35 million to the Government of Liberia in budget make stronger including financial make stronger for the formation of the National Rail Authority. Here’s along with US$37 million already paid to Liberia by Ivanhoe Atlantic below the 2022 Framework Settlement.
Growth of Existing Multi-Person Rail and The Liberty Hall
The strategic commitment by President Boakai to multi-individual, independently operated rail and port infrastructure, creates a framework for the expansion of the present infrastructure to an world class, shared individual infrastructure corridor.
As allotment of longer-term concerns, future evaluation evaluate are planned to evaluate an upside case to twin song recent rail with a word-recent rail line for imaginable product export by the utilization of a recent port. As effectively as, an extension of the present hydropower community from Côte d’Ivoire into the Nimba areas of Liberia and Guinea, an upgrade of recent road networks to all-climate roads and the implementation of fibre optic telecommunication cables connecting Liberia to the Nimba area are all being thought to be as allotment of the Liberty Hall Mission. The vision for the Liberty Hall is to make stronger the enchancment of currently stranded sources to release the areas mineral wealth and guarantees to bring multifaceted vogue advantages to West Africa including the doable to plan extra customers from Guinea, Cote d’Ivoire and heaps of neighbouring international locations to get a regional export and import community.
It is planned that the Liberty Hall would possibly be identical in building to the Lobito Hall connecting Zambia and the Democratic Republic of Congo thru a shared rail and transportation hyperlink to the port of Lobito in Angola. That mission is being constructed with fundamental financial make stronger from the US, the European Union and very talked-about world merchants. Care for the proposed Liberty Hall that would hyperlink Guinea and Liberia, such tasks make stronger a pair of African countries by unlocking regional economic doable.
About Ivanhoe Atlantic
At Ivanhoe Atlantic we bring a world stare to creating sources of rate. The initial focal point is bringing its extremely-excessive-grade basis iron ore mission, Kon Kweni, into phased manufacturing. Further growth is focused from Kon Kweni expansion and multi-individual strategic infrastructure partnering alternatives.
Located in Guinea, Kon Kweni is a rare iron ore deposit that advantages from unparalleled grade and low impurities. Abnormal deposit characteristics and proximity to market also helps the doable to gash abet product carbon intensity, to construct niche inexperienced iron in make stronger of low emission steel manufacturing and to revel in low working prices.
For extra information about Ivanhoe Atlantic and its tasks, please contact:
Jeremy McManus: Appearing Overall Supervisor Investor Family members, Ivanhoe Atlantic [email protected]
www.ivanhoeatlantic.com
