Liberia’s Inter-Ministerial Concessions Committee (IMCC) is still reviewing the Mineral Development Agreement (MDA) for junior iron-ore developer Tawana Resources’ 100%-owned Mofe Creek project, the company reports.
The MDA, which is a legally binding agreement outlining the technical, commercial, social and environmental commitments that need to be undertaken to build, operate and sustain a project within Liberia, would last for 25 years and would incorporate both the northern and southern tenements, as well as a potential early start-up project for direct shipping ore (DSO).
The dual-listed company expected feedback from the IMCC by the end of the first quarter. Tawana further reported that its definitive port infrastructure cooperation agreement with Hong Kong-based miner Wisco Cad, at the Freeport of Monrovia, was also progressing.
The agreement was based on the premise of gaining access to stockpiling and ship loading services during the early stages of the project’s development and proposed DSO start-up project.