Leaving a Trace: A Report on the Economic Impact of the Mining Sector in Liberia
Leaving a Trace:
A Report on the Economic Impact of the Mining Sector in Liberia
2014
Historically, mining played an important role in the development of the Liberian economy. Since 2011, the mining sector has re-emerged as a key growth sector within the Liberian economy. Since 2006, the sector has attracted over USD 10 billion in Foreign Direct Investment (FDI). Exploration activity is at an all-time peak, and major iron ore companies have started mineral production and exportation. With mining projects transitioning from feasibility to construction, high expectations for the sector’s contribution to overall economic growth and job creation abound.
This report analyzes the evolution of the mining sector and assesses its current and future potential for local supply linkages and job creation. It identifies goods and services directly connected to the mining industry that can be procured locally and those that have the potential to be sourced in Liberia with additional support. The report analyzes gaps between demand and supply, identifies barriers to local procurement, and makes recommendations on how best to increase local sourcing and employment.