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Still on it: Finance Ministry’s 15% Tax Claim Delays Afferro, Severstal Deal Closing… Again
Tuesday, 03 April 2012 14:43
The US$15 million transaction initially scheduled for closing on February 28 this year between Afferro Mining Inc. and OAO Severstal that was postponed for a month due to a claim by Liberia’s Ministry of Finance to 15% tax on the transaction, is experiencing further delays due to “on-going discussions” the two companies are having with the Ministry to iron things out. According to the Dow Jones Newswires, the companies said Monday that they have agreed to delay the closing of Afferro’s sale of its 38.5% minority interest in Severstal Liberia Iron Ore Ltd to Lybica Holding B.V., an affiliate of Severstal, due to ongoing tax discussions with the Republic of Liberia’s Ministry of Finance.
YBB Concludes Youth Leadership Camp -As Canadian Scholar, others, Enlighten Youth of Vulnerabilities
Tuesday, 03 April 2012 14:34
Better Future Foundation (BFF), in collaboration with Youth Beyond Barriers (YBB), has ended a four-day youth leadership and development camp on Peace Island in Monrovia.
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