The Liberian Parliament has approved, according to local press, the award of the Yekepa–Buchanan Port railway corridor concession to Ivanhoe Atlantic. The infrastructure is considered essential for the country’s mining industry, as well as for transporting iron ore from southeastern Guinea.
This marks a new step following an earlier agreement between the government and the company, after several years of rivalry between ArcelorMittal Liberia (AML) and High Power Exploration (HPX), the parent company of Ivanhoe Atlantic, for control of the railway.
The agreement includes nearly $1 billion in fees for operating the network and about $800 million in investment for infrastructure at Buchanan Port and for expanding and modernizing the railway. According to authorities, the planned works will make it easier to transport goods other than minerals, including agricultural cargo and other merchandise bound for regional markets, as well as passengers.
Backed by U.S. investors, Ivanhoe Atlantic (formerly HPX) owns one of the world’s largest high-grade iron ore deposits in Guinea, the Nimba Iron Ore Deposit. The company plans to use the Yekepa–Buchanan corridor to export its ore. Liberia, through this model, seeks to leverage its favorable geographic position to become a subregional logistics hub for mining and industrial products.
Henoc Dossa
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
Africa to host 40% of global high-impact oil wells in 2026 Rystad identifies over 40 high-impact exploration wells worldwide Most African wells...
Cameroon ratifies AfDB loans worth 89 billion CFA francs Funding backs CAP2E youth employment project in the Far North Project targets training, jobs,...
Cameroon ratifies AfDB loans worth 89 billion CFA francs Funding backs CAP2E youth employment project in the Far North Project targets training, jobs,...
Burkina Faso adopts 2026-2030 Recovery Plan guiding economic and social policy Five-year plan mandated by law, replacing previous national development...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...