spot_imgspot_img
Friday, February 21, 2025

LAWMAKERS PROBE HAMBURG MINERAL RESOURCES OVER UNPAID $1.4 MILLION SOCIAL DEVELOPMENT FUND

Date:

MONROVIA – The House of Representatives has launched a review of the Mineral Development Agreement (MDA) between the Liberian government and Hamburg Mineral Resources (HMR) amid allegations that the company has failed to pay over $1.4 million in Social Development Funds (SDF) owed to Sinoe County.

The scrutiny follows a formal petition by Sinoe County District #1 Representative Thomas Romeo Quioh, who has called on the Legislature to demand accountability for the unpaid funds. Rep. Quioh urged his colleagues to summon key government agencies, including the Ministries of Justice, Finance and Development Planning, and Mines and Energy, as well as the National Investment Commission and the Environmental Protection Agency, to provide updates on the agreement’s status.

According to Rep. Quioh, HMR was granted an exploration permit in 2011, under which it was obligated to contribute $100,000 annually to the SDF via the consolidated account at the Ministry of Finance and Development Planning. However, he contended that the company has failed to make any payments since the agreement was signed, accumulating a debt of $1.4 million.

“For nearly 14 years, not a single cent has been paid into the SDF. The people of Sinoe County have been denied the benefits they were promised under this agreement,” Rep. Quioh declared, stressing that the failure to honor the terms of the MDA has deprived local communities of much-needed development projects.

He further decried the lack of transparency surrounding the agreement and questioned the government’s enforcement of its own contractual obligations. Beyond the financial concerns, he warned that the prolonged non-compliance could have serious economic and environmental ramifications for the concession area.

“The Legislature must be furnished with a detailed update on this agreement, including its financial contributions to the country, adherence to environmental and legal standards, challenges impeding its execution, and the overall impact on affected communities,” he asserted.

Rep. Quioh expressed confidence that under Speaker Koon’s leadership, the House would take decisive action to ensure compliance and accountability from HMR.

In response to the petition, the House Plenary has assigned the matter to the Committees on Investment & Concessions, Mines, Energy, Natural Resources & Environment, and Judiciary for a thorough review. The committees have been instructed to present their findings within two weeks.

smartnews
Smart News Liberia is an online news outlet and a product of Smart Media Group Inc. Our website, smartnewsliberia.com, covers a broad spectrum of news content. For inquiries or information, you can reach us at 0777425285 or 0886946925, or email us at smartnewsliberia@gmail.com or info@smartnewsliberia.com.

LATEST DEVELOPMENT

GOL LOSES NEARLY $1 MILLION IN INFLATED FIRE EQUIPMENT DEAL

MONROVIA – Activist Martin K. N. Kollie has sounded...

MINISTER NGAFUAN WARNS GOVERNMENT ENTITIES TO MANAGE BUDGETS EFFECTIVELY AMID RESOURCE SHORTAGES

MONROVIA, LIBERIA – The Ministry of Finance and Development...

SETHI FERRO FABRIK A SILENT THREAT LOOMING OVER LIBERIAN WORKERS AND COMMUNITIES

LIBERIA – A devastating explosion at the Sethi Ferro...

OMBUDSMAN FINES MADAM GLASSCO $500, ORDERS PAYMENT WITHIN 72 HOURS

MONROVIA, LIBERIA – The Office of the Ombudsman on...

A GROWING EMBARRASSMENT TO LIBERIA’S DEMOCRACY

The recent actions of the House of Representatives in...

400 OFFICIALS SUSPENDED, BUT WILL BOAKAI ENFORCE REAL ACCOUNTABILITY?

President Joseph Nyuma Boakai’s decision to suspend over 400...

LIBERIANS DESERVE RESPONSIBLE LEADERSHIP, NOT WASTEFUL SPENDING

After 177 years of existence, Liberia remains stuck in...

PUBLIC SCHOOLS IN MARYLAND COUNTY CLOSED OVER UNPAID SALARIES

MARYLAND COUNTY, LIBERIA — The Maryland County Board of...

COMMENTARY

WHY FOLLOW A PR STRATEGY TO OVERCOME CRISES AND MAINTAIN BRAND VISIBILITY

Courtesy of Martin Blayon, an experienced Public Relations Specialist Misinformation...

THE LASTING LEGACY OF PRINCE JOHNSON’S DEATH AND THE PATH FORWARD FOR LIBERIA

By Lyndon J. Ponnie, Sr. The passing of former Liberian...

PRES. BOAKAI’S LACK OF LEADERSHIP AND LIBERIA’S POLITICAL CRISIS

-A Commentary Joseph Boakai's failure to lead has once again...

THE MASS DISMISSAL OF LIBERIAN PUBLIC SERVANTS: A TROUBLING TREND UNDER THE BOAKAI ADMINISTRATION

A Commentary by Wondah L. Jah Since assuming the presidency,...

LATEST NEWS

MASSIVE LOOTING EXPOSED: FORMER OFFICIALS OF WEAH ADMINISTRATION ACCUSED OF STEALING STATE FUNDS

LIBERIA – Leaked documents obtained by investigative journalist Charles...

QUESTIONS OF ACCOUNTABILITY HAUNT BOAKAI’S GOVERNMENT AMID INAUGURAL CONTROVERSIES

MONROVIA, LIBERIA – Concerns about accountability and transparency are...

“STATE STYLE FUNERAL”: EFFL RESPONDS TO PRES. WEAH’S SONA; TERMS IT UNREALISTIC

By Olando Testimony Zeongar MONROVIA - The newly certificated political...

Share post:

EXCLUSIVE INTERVIEW

OPINION

HOR IN UPROAR AS EMBATTLED SPEAKER KOFFA’S INFLUENCE EXPOSES GOVERNANCE CHALLENGES

By Socrates Smythe Saywon, Sr. Liberia’s political scene is currently...

LIBERIANS ARE IN AN ABUSIVE RELATIONSHIP WITH THE UP AND CDC

  An Opinion By Grace RK Guar Every six...

AMERICA’S NEGLECT OF LIBERIA: A CALL FOR CHANGE

An Opinion By Bishop Dr. Rudolph Q. Kwanue, Sr A...

AMID AN UNENDING WAR AGAINST POVERTY, INJUSTICES – HAS THE PROGRESSIVE STRUGGLE BECOME LOST IN TRANSLATION?

A Patriot's Diary With Ekena Wesley What manner of Liberian progressives...

THE GALLERY

spot_imgspot_img

MORE ARTICLES

spot_imgspot_img

MORE NEWS

LATEST DEVELOPMENT NEWS

LATEST CRIME NEWS

Share via
Copy link