Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Mineral Policy of Liberia.

Country/Territory
Liberia
Document type
Date
2010
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Mining Sustainable development Poverty Equity
Geographical area
Africa, AFRICA FAO, Least Developed Countries, North Atlantic, Western Africa
Entry into force notes
21st Century.
Abstract

This Mineral Policy is a nationwide sectoral document aiming at giving adequate indications to the investment community (both national and foreign) of a competitive mineral regime that is informed by international trends, adheres to international norms, is grounded in local conditions and is accountable to national common interests in order to realize the following Vision statement for the mining sector "Equitable and optimal exploitation of Liberia’s mineral resources to underpin broad-based sustainable growth and socio-economic development". The main strategies of the current Government are to revive the mineral sector to enhance its contribution to government revenues, foreign exchange earnings, employment creation, ancillary economic activities, human resources and technology development and the improvement of social and physical infrastructure. To achieve these strategies, the Government has the following objectives (i) establish an internationally competitive and stable business climate to attract and sustain foreign and local investment; (ii) formulate a fiscal and concession scheme that assures the country of fair value for its resources, while offering equitable rewards to private investors; (iii) institutionalize procedures to maximize returns to the nation; (iv) put in place a mechanism for the evaluation of competing land use options; (v) eliminate adverse social conditions and environmental degradation due to mining activities; (vi) support and enable artisanal and small scale mining activities to create employment, generate income and help reduce poverty in the rural areas; (vii) ensure equitable distribution of benefits from mining activities; (viii) facilitate equitable access to the sector, irrespective of gender or ethnicity; (ix) ensure consultation of all stakeholders and protect affected people from exploration through mining and post-mine closure; and (x) establish an effective administration and management of the mineral sector.

Full text
English
Website
www.eisourcebook.org