The Plenary of the House of Representatives has mandated the Committee on Investment and Concession, Mines, Energy and Natural Resources, together with the Judiciary Committee, to conduct a comprehensive review of the Mineral Development Agreement (MDA) for Humburg Mineral Resources in Sinoe County.
This decisive action was prompted by a communication from Hon. Thomas Romeo Quioh, Representative of Sinoe County Electoral District 1. In his communication, Hon. Quioh stated that Humburg Mineral Resources was issued an exploration permit in 2011, with the condition that the company pay $100,000 annually into the Social Development Funds (SDF) of the Government of Liberia.
These payments were to be deposited into the consolidated account at the Ministry of Finance and Development Planning.
According to Representative Quioh, over the approximately 14-year period from 2011 to the present, Humburg Mineral Resources has not made a single payment toward the SDF.
This amounts to an outstanding obligation of $1,400,000 (One Million Four Hundred Thousand Dollars) owed to Sinoe County.
The Plenaryโs decision underscores its commitment to ensuring accountability and transparency in the management of natural resources and related agreements.
The review aims to determine whether contractual obligations have been met and to recommend necessary corrective measures to safeguard the interests of Sinoe County and the nation as a whole.
The House of Representatives says it remains dedicated to ensuring that all parties involved in Liberiaโs mineral sector adhere to established agreements and contribute to the countryโs social and economic development.
