Liberia to build alternative to Port of Greenville

In Liberia, the Putu Iron Ore Mining (PIOM) company, which is located at Putu Petrokon, is to build an alternative port at Grand Butal Point, close to the town of Kponkpo Mongar. However, this is dependent upon the government granting an iron ore mining licence.

The existing Port of Greenville at Sinoe, which was built in the 1960s and is now considered relatively obsolete, is unable to accommodate new mining equipment that will be deployed in new operations.

PIOM has also announced that it has discovered iron ore reserves of 4.4 billion tonnes as opposed to the 2.2 billion tonnes it had originally estimated.