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    Home » Liberia: Investors Fronter Evades Pres. Boakai’s Office?
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    Liberia: Investors Fronter Evades Pres. Boakai’s Office?

    Chester SmithBy Chester SmithMarch 5, 2025Updated:March 5, 2025No Comments5 Mins Read
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    —As Mamaka Bility, And Sylvester Grigsby Becomes Subject of HPX insider

    IPNEWS: Even though she was a subject of the mysterious Yellow Machine saga after she reported that 250 yellow machines were destined for Monrovia as part of the Rescue Mission desire to undertake massive infrastructure development.

    Mamaka Bility, Minister of State for Presidential Affairs without Portfolio is once more at the center of the controversial fronting ring for steel giant HPX for the setting up of an independent rail regulator outside Government’s ongoing plans to establish the Liberia Rail Authority.

    The authoritative Independent Probe understands from several sources privy to a late Sunday, march 2nd meeting with President Joseph Boakai narrate to that Deputy Minister Bility is now opting to provide an independent regulator for which the government of Liberia will pay Millions to for the management of the Rails whereas ArcelorMittal had long since advance the muti-user concept to ensure the government of Liberia become the sole and biggest regulators and beneficiary.

    Deputy Minister Bility stance now brings to light earlier suspicion held that the 250 yellow machines brought into the country following her announcement were intended to laud the government into granting the HPX the sole ownership of the rails in Liberia.  

    Painfully, in the wake of sleepless nights to start Liberia’s own rail operator reports are now emerging that Deputy Minister Bility  is pushing for the hiring of a private railway operator to replace both ArcelorMittal as the operator despite growing uncertainty over HPX Ivanhoe’s Guinean Ore Transit.

    According to the report, government is pushing forward with plans to replace ArcelorMittal as the operator of its Yekepa-to-Buchanan railway, despite mounting uncertainties  over whether or not High Power Exploration (HPX) and its Guinean subsidiary, Société des Mines de Fer de Guinée (SMFG), will be permitted by the government of Guinea to export iron ore through Liberia.

    IPNEWS under that for over four months, the National Investment Commission (NIC) has awaited an official response from Guinean authorities regarding whether they will allow HPX to transport its Guinean-mined ore through Liberia for shipment into Europe but to no avail, resulting into uncertainty over Liberia’s decision to move ahead with a new railway operator.

    Sources tell IPNEWS that the government of Liberia appears determined to remove ArcelorMittal—a company that has operated the railway for nearly two decades and has invested over $500 million in restoring and maintaining it—in favor of an unnamed new operator, seemingly to accommodate HPX’s interests.

    Experts warned that the hiring of a private owned rail operator leaving out current Operator ArcelorMittal would cause huge financial burden for the government of  Liberia, a country already struggling to fund basic public services, especially in the wake of the USAID freeze. “

    Hiring a new railway operator, particularly one with no guaranteed business from HPX, could result in millions of dollars in expenditures for Liberia without a clear return on investment.” An Expert Rail Operator told IPNEWS.

    “What happens if Liberia secures a new operator, removes ArcelorMittal, and then Guinea outright refuses to allow its ore to pass through Liberian territory?” an insider quipped. “Would Liberia be left with a railway and a new operator but no commercial cargo to transport?”

    “Such an outcome would not only deepen Liberia’s economic struggles, but will also undermine investor confidence, as it would demonstrate a willingness to undertake major infrastructure commitments without securing fundamental agreements,” the anonymous Expert stressed.

    “Concerns over Liberia’s engagement with HPX are further exacerbated by the $30 million the company paid to the administration of former President George Weah in exchange for an unratified framework agreement,” he continued, and added: “That deal, which never gained legislative approval, granted HPX preliminary rights to use Liberian infrastructure without the necessary approvals from Guinea”.

    That payment, made despite the lack of a final agreement between Liberia and Guinea, raises serious questions, including worry over whether this is simply a good-faith payment, or Liberia prematurely cashing in on a deal that was never truly secured.

    Now, the current administration faces the consequences of decisions made under the Weah government—decisions that could lead to Liberia bearing the costs of infrastructure development without ever reaping the promised economic benefits.

    Guinea’s Silence: A Warning Sign?

    The silence from Conakry is notable. The government of Guinea, under the leadership of Colonel Mamady Doumbouya, has been aggressively advancing its own mining infrastructure projects, particularly the Trans-Guinean Railway, which aims to transport ore from the Simandou region to a planned deep-water port at Moribayah, Forécariah. Given that Guinea is already investing heavily in its own export routes, it may have little interest in allowing HPX to bypass its new infrastructure and send ore through Liberia instead.

    This possibility raises a fundamental question: Is Liberia putting itself in an economically precarious position by making infrastructure and policy decisions based on an agreement that Guinea may never honor?

    If Liberia finalizes a new railway operator without securing iron-clad agreements from Guinea, it risks becoming entangled in an expensive and unworkable arrangement. The potential loss of a long-standing partner like ArcelorMittal, the financial burden of a new operator, and the uncertainty of HPX’s commitments could spell disaster for Liberia’s economy.

    The Liberian government must demand clarity from Guinea before proceeding further. If Guinea remains unresponsive or ultimately denies HPX’s access to Liberian infrastructure, the cost of Liberia’s hasty decision-making will be borne by the nation’s struggling economy and its citizens. Without certainty from Conakry, moving ahead with a new railway operator is nothing short of reckless financial gambling.

     

     

     

     

     

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