MONROVIA, April 16 — Nimba County District #5 Representative, Kortor S. Kwagrue, is calling for a formal investigation into the operations of the Bea Mountain Mining Corporation (BMMC). The lawmaker is seeking the endorsement of his colleagues to summon the company’s management to appear before the House of Representatives to address concerns regarding financial transparency and community obligations.
In a communication submitted on Tuesday, April 14, 2026, during a special sitting, Rep. Kwagrue emphasized that the House must exercise its oversight responsibility. He is requesting a detailed disclosure of the company’s corporate income tax payments and corporate social responsibility (CSR) contributions over the last three years, specifically concerning its operations in Grand Cape Mount County.
Rep. Kwagrue’s request outlines several critical areas where the company must provide clarity and supporting documentation. This includes a full accounting of corporate income tax payments for the past three years to be reconciled with Liberia Revenue Authority (LRA) records. Additionally, the lawmaker is demanding an update on the implementation of social responsibility projects in affected communities as mandated by the 2023 concession agreement. There is also a call for evidence regarding financial obligations, environmental commitments, and overall community development initiatives.
Rep. Kwagrue stated that these matters are of significant national importance, especially as the country seeks to maximize revenue from its natural resources while ensuring that concession agreements bring tangible benefits to the people. He argued that strengthening oversight in this sector would enhance public trust and ensure that the nation’s resources have a direct and positive impact on its citizens.
The push for an investigation follows recent disclosures regarding BMMC’s output. The company reportedly stated it generates approximately 900 kilograms of gold monthly, valued at roughly US$1.65 billion annually. However, this figure has sparked significant controversy, as conflicting reports suggest that the actual extraction may be as high as 1,271 kilograms per month. This discrepancy has fueled a heated national debate over revenue transparency and whether the community benefits are proportionate to the extraction levels.
Following the reading of the communication, the Plenary of the House of Representatives moved to take immediate action. The House commissioned a joint committee comprising the Committees on Investment and Concession, Mines and Energy, Hydrocarbon, and the Public Accounts Committee (PAC) to conduct a thorough financial examination.
The House has instructed these committees to visit the BMMC concession site during the investigation to ensure an insightful and accurate report. The joint committee is mandated to report back to the Plenary within two weeks of the House’s return in May 2026, at which point a final decision regarding the company’s compliance and accountability will be made.
Comments are closed.