By Emmanuel M. Kangar, Jr.
Monrovia, Liberia – Margibi County Senator Nathaniel McGill has raised fresh concerns over Liberia’s gold sector following recent disclosures by Bea Mountain Mining Corporation regarding its revenue generation during the visitation of Vice President Jeremiah Kpan Koung.
In a public statement, Senator McGill said the company reportedly generates approximately one billion United States dollars from its mining operations, sparking widespread concern among citizens about the share of benefits accruing to the Liberian government.
McGill noted that Liberia stands to receive more than US$220 million annually from Bea Mountain beginning this year, representing approximately 48 percent of the company’s profit. He described the figure as significant but stressed the need for clarity on how such revenues are calculated and distributed.
“After following recent revelations by Bea Mountain that it is generating approximately one billion dollars from its operations, there has been growing and legitimate concern among Liberians about how much the government is actually benefiting, excluding corporate social responsibility contributions,” McGill stated.
The senator indicated that his preliminary findings —pending verification by the Ministry of Finance and Development Planning and the Liberia Revenue Authority—outline various tax streams paid by the company, as well as how revenues are shared between the corporation and the government.
He emphasized that the issue goes beyond corporate social responsibility projects, calling for a closer examination of tax payments, royalties, and other financial obligations tied to the mining sector.
McGill also stressed the need for greater openness in the management of Liberia’s natural resources, stating that citizens deserve clear and accurate information about how national wealth is generated and distributed.
“Liberians deserve greater transparency and accountability in these matters,” he concluded.
The statement adds to ongoing national discussions about resource governance, revenue transparency, and equitable economic benefits from Liberia’s extractive industries.
