Liberia: Bong Range Out for U.S.$1.6 Billion Bid

June 2, 2008

June 2nd (All Africa) – Four international mining companies have expressed interest in operating the Bong Range iron ore deposit, formerly Bong Mines, the Ministry of Lands, Mines and Energy has disclosed.

Last week, the Ministry opened the sealed bids for the exploration of the Bong Range iron ore deposit with four bidders contesting. The bidders include Vandanta Resources PLC from India, China Union Investment Ltd.; a Liberian company, Beleh Resources Company, Liberia Ltd., and an Israeli Firm, BSG Resources.

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