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Liberian Senate Approves Controversial Resources-For-Infrastructure Deal With Chinese Mining Company

File image of the Liberian Senate. Image via The Liberian Senate Facebook.

The Liberian Senate voted on Friday to approve a controversial $2.5 billion iron ore for infrastructure deal with the Chinese mining giant BAO Chico. The origins of the deal date back to the 2018 FOCAC summit when President George Weah negotiated the arrangement in Beijing with officials from BAO Chico and construction major China Road and Bridge Corporation.

But civil society stakeholders, including the Editorial Board of the Liberian Observer newspaper, are wholly unhappy with the 25-year deal whose terms and conditions have not been publicly disclosed. (FRONTPAGE AFRICA)

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