http://www.portalangop.co.ao/motix/en_us/noticias/africa/Billion-Investment-for-Bong-Mines,fd33ba42-0ca6-4a1b-9153-8cff3b464d42.htmlMONROVIA, Liberia - Barely a week following the arrival of Seaboard Corporation with an initial investment of US30million, another company has arrived in the country with a huge investment package.
A Chinese company, China Union Investment Company, Limited has arrived in the country with an investment of US$2.6 billion believed to be the largest investment under the administration of President Ellen Johnson-Sirleaf.
China Union Company Limited is expected to invest in one of Liberia's most prosperous site, the Bong Ranges, formerly operated by the Bong Mines Company (BMC). The Chinese company recently successfully won a bid to operate Bong mines with a very high score.
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Presenting a graphic description of the investment project, the Chief Executive Officer (CEO) of China Union, Mr. Yin Fuyou disclosed that his company will construct a 130MW Hydro Power Plant on the St. Paul River to supply electricity to Monrovia and other areas.
:evilgrin: