China Union General Manager Cloud Gao has said the company expends US$200,000 yearly as scholarship grant for students in the three counties the company is operating in as part of its corporate social responsibility.
Cloud noted that since the company commenced mining activities in Liberia, it has provided several scholarships to students not only in the counties it operates in but also to other deserving students across the country.
The China Union official made the disclosure in Bong Mines in an interview with the Liberia News Agency at the weekend.
He noted that as required in section 11.3 (a) of the Mineral Development Agreement signed between the company and the Liberian Government, the company provides scholarships to students to pursue studies in Mining Engineering and Geology at the University of Liberia.
He also pointed out that about 60 students are also benefiting from the company’s scholarship scheme at Cuttington University in Bong County.
He disclosed that the company placed a temporary halt on the entire process due to the outbreak of the Ebola virus, but has resumed following the opening of schools.
“We pay the money to the local authorities of these three counties to administer it; we have no part to play in the distribution of the money once it leaves our hands; how the funds are expanded is decided by the local authorities of the three counties and not the management of China Union,” Cloud explained.
China Union is operating in Bong, Margibi and Montserrado counties.