1 / 14

US & Liberia Trade & Investment Forum 2015

US & Liberia Trade & Investment Forum 2015. Session 3: Energy & Extractives A Presentation by Hon. Samuel Russ Deputy Minister of Lands, Mines and Energy Republic of Liberia. Energy & Extractives Outline. Energy Mining Oil & Gas. Energy Priorities.

libitha
Download Presentation

US & Liberia Trade & Investment Forum 2015

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. US & Liberia Trade & Investment Forum 2015 Session 3: Energy & Extractives A Presentation by Hon. Samuel RussDeputy Minister of Lands, Mines and EnergyRepublic of Liberia

  2. Energy & Extractives Outline • Energy • Mining • Oil & Gas

  3. Energy Priorities • Concession energy demand is 700MW but current supply less than 20MW creating huge investment opporunity • Huge returns to possible: Liberia has highest energy tariffs in world (56 cents per kwh) • Hydropower to access huge potential of Liberia’s waterways: • internal renewable water resources are second in West Africa only to Guinea & Nigeria Mount Coffee hydro power generation - transmission & distribution of power lines due on stream in December 2016 (up to 70 MW) • Many Investment Opportunities available in: • Biofuels from oil palm and rubber wood – 500 MW Potential • Hydro plants – 1,000 MW Potential on St. Paul, St. John & Lofa rivers • Solar • HFO • Construction of National Power Grid • Clients: 4 million people many of whom rely on generators plus numerous concessions in agriculture, mining, ports • Central grid due to be connected to West Africa Power Pool in 2018

  4. Achievements in Restoring Energy Access Micro hydro plant constructed – to support 3000+ rural connections • - Basic services restored in Monrovia • 30,000 connections • 22 MW installed • Most electricity self-generated Cross-border purchase of electricity from Cote d’Ivoire, expected to support 20,000+ connections in areas along border

  5. Current Energy Emphasis $1.2 bn worth of projects to be implemented in next 5 years, with funding secured. Generation (Renewable) $50 M available for development of renewable energy, especially small-scale hydro and solar (in preparation). Generation 3 X Heavy Fuel Oil (HFO) Plants under construction – 38 MW capacity (~$60 M) Mount Coffee Hydro Plant (80 MW) – Rehabilitation underway( ~$300M) T&D 7 distinct transmission line projects 4 distribution projects (~200,000 connections) CLSG Line: $500 M T&D projects in Liberia: ~$250M

  6. Iron Ore WOLOGISI-1BT @36%Fe • 3 Age Provinces in Liberia • Liberian (Archeaen-Meta Volcanic) • Eburean Formations • Pan-African (youngest) • Iron formation occurs across all age provinces • Iron formation commonly associated with composite rock units; schist, mafic, felsic & ultramafic units • All major deposits occur within Liberian & Eburnean provinces except Goe-Fantro which occurs within Pan-African TAWANA 62Mt @64%fe ARCELOR MITTAL 471Mt@67%fe KITOMA 64MT @61%fe BAO CHICO CHINA UNION – 1.05 BT @36%fe WESTERN CLUSTER 563Mt @53%fe GOE-FANTRO 64MT @59%Fe PUTU -4.5 BT @39%Fe

  7. Gold • Gold occurrences are widespread • Gold production is dominated by ASM activities • One mechanized gold mine: Aureus Mining: 1.5Moz @3.8g/t • MNG Gold: 750k ounces @1-3g/t • Hummingbird: • Tuzon 2.47 Moz @1.4 g/t • Dugbe 1.8 Moz @ 1.3g/t Aureus Mining MNG Gold Hummingbird

  8. Various Other Minerals in Liberia 3 distinct kimberlite diamond clusters have been identified in Western Liberia: • Kumgbor cluster ~ 135Ma • Weasua cluster ~ 800Ma • Mano Godua cluster ~ 135Ma Copper, Lead , Barite, Bauxite, Kyanite, Phosphate, Platinum, Manganese, Uranium, Chromite, Corundum, Nickle etc

  9. Regulatory Framework Being Strengthened • Drafting of New Minerals & Mining Law & Regulations • Separate Mining Law and Regulations to govern Artisanal & Small-Scale Miners • Formalization of Artisanal & Small-Scale miners into cooperatives

  10. Oil & Gas Upstream Investment Opportunities

  11. Available Data • 2D seismic data (PSTM/PSDM):24,773 km • 2D gravity/magnetic data: 24,508km • 2D angle stacks: 24,774km • 3D seismic data (PSTM/PSDM):18,345km2 • 3D angle stacks: 18,345km2 • Updated Interpretation report (2010) • Well Data from nine recently drilled wells

  12. Downstream Investment Opportunities • Construction of refinery/refineries • Refine petroleum crude oil • Process & purify raw natural gas • Management of Refineries • Marketing & Distribution of crude oil products • Storage & Transportation of crude oil & natural gas

  13. Legal & Regulatory Framework • Reform program almost complete • Establishes investor friendly climate • Reform to measure up to international standards began in 2011 • Considered national views & international best practices • Redrafted new E & P law • Creates stable, enhanced legal climate: • Maintains stable, favorable tax regime • Clear, predictable rules for licensing, contracts, environmental & social provisions • Independent regulator (Petroleum Directorate) • Enhanced transparency • Developed new model production sharing contract

  14. Thank you! Hon. Samuel Russ sgargar2002@yahoo.com NIC Focal Person for Investment Inquiries: PayeGbelayan: payesgbelayan@yahoo.com +231 886897995

More Related