UPDATE: Hummingbird Resources PLC Mineral Development Agreement with Gov’t of Liberia

Flash Back: Liberian Gov’t Signs US$100M Mineral Agreement

Hummingbird Resources plc (“Hummingbird” or the “Company”) (AIM: HUM), is pleased to announce an update on the 25-year Mineral Development Agreement (“MDA”) with the Government of Liberia (“GoL”) over a land package of approximately 2,000km(2) , which includes the Company’s 4.2Moz Dugbe Gold Project (“Dugbe”).

The MDA has now been signed with the Government of Libera, attested to by the Minister of Justice, ratified by the National Legislature of the Republic of Liberia, approved into law by the President of the Republic of Liberia and published in handbills signifying the completion of all necessary steps for the MDA to become immediately effective. This will provide the necessary long-term stability and framework for the next steps at Dugbe. The Dugbe MDA is the first gold MDA to be negotiated with the Government of Liberia following a discovery in over 10 years and represents a huge milestone for both the Government and the Company.

Read more of this story

(Visited 194 times, 1 visits today)
About Cholo Brooks 13790 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.