In a major move aimed at revitalizing its economy, the Government of Liberia has signed a landmark $1.8 billion mineral agreement with High Power Exploration (HPX), a global mining firm.
The announcement was made during the Ministry of Information, Cultural Affairs and Tourism’s (MICAT) regular press briefing on Tuesday by Information Minister Jerolinmek Piah.
Minister Piah confirmed that the agreement has been finalized and will soon be submitted to the National Legislature for ratification.
“This $1.8 billion investment is one of the most transformative economic deals Liberia has entered into in recent years,” said Minister Piah. “Once approved by the Legislature, it is expected to generate thousands of jobs for Liberians and significantly boost the national economy.”
Although the agreement is still awaiting legislative endorsement, it has already generated optimism among various sectors. Observers anticipate the deal will drive job creation, infrastructure improvements, and increased government revenue, key elements in Liberia’s post-pandemic recovery and long-term development agenda.
Further details, including the project implementation timeline and community engagement plans, will be disclosed following ratification.
The HPX deal is being hailed as a major milestone in Liberia’s efforts to attract responsible foreign investment and unlock the economic potential of its natural resources.
