By Julius T. Jaesen II
Credible information coming in from unimpeachable sources confirm to us that part of the reasons for which President Weah is recalling members of the Legislature for a Special Session for “time-bound critical issues” is to rectify the hugely controversial High Power Exploration (HPX) agreement.
As we are aware, month ago, the Executive Branch presented to the Legislature a recast budget that had in it US$30 million provided by HPX to support the national budget when there is absolutely no existing legally binding agreement negotiated and signed between HPX and the Government of Liberia.
Ridiculously embarrassing, our government has been pitifully crawling on her belly under the cover of darkness secretly taking money from HPX and promising them access to our rail and port facilities ignoring the government’s own existing agreement with its biggest post war investor- ArcelorMittal.
It must be noted that HPX only intend is to export the ores from the Samandou mine in Guinea compared to AML who is willing and prepared to invest one billion to expand in Liberia.
According to reliable information, High Power Exploration has given the Government of Liberia a three-month ultimatum to ratify an agreement masked in secrecy which they entered into months ago.
HPX inserts into that agreement a close that mandates the government to pay back $30 million she has so far given if the government fails to ratify their agreement from now to November this year. Interestingly, our government is now under the weight of HPX’s pressure – given that she doesn’t have the money to refund HPX if the November deadline reaches. So, the government has resorted to finding ways to have HPX’s agreement ratified by the Legislature before November.
Critical minds have warned that if the government ratifies HPX’s deal to give her access to our rail and refuses to first act on the third amendment to the AML agreement that will obviously prove dangerous for our country’s image to the outside world, especially to would-be potential foreign investors that our country is not a country of law but a country of men where laws are easily flouted with the government refusing in broad day to honour its own agreement with a global company.
The current legally binding agreement between the Government of Liberia and AML so far has a current lifespan of nine years, which provides AML with the exclusive rights over our rail. So, our government is aware that any attempt on her part to give HPX the access to Liberia’s rail infrastructures without the expressed approval from AML will be a fragrant breach of AML’s agreement our government ratified years ago. But also true, AML has ever since welcomed the coming of HPX and encouraged them to come and help invest in the expansion of our rail.
Sadly, it is clear that HPX and it CEO, Robert Friedland, have zero interest to invest in expanding our rail and port infrastructures other than trying to get rights over our rail to transport their ores from the Samandou mine to Buchanan port for export and later they can sell that rights to our rail infrastructure to a third part in the future which will eventually earn them lots of money as it was done in Liberia with the Western Cluster.
It is only ArcelorMittal that has committed additional $200 million to expand the rail and increase the port’s capacity to handle complex cargo.
Clearly, with the government’s hands being tied and exposed, officials closed to the Office of the President have hinted that under the guise of passing the highly popular AML’s third amendment deal that is dubbed as Liberia’s biggest post war investment deal, the President has decided to sneak in the interest of HPX and have both pass simultaneously.
The third amendment to AML’s agreement amongst other things, calls for multi-user access of Liberia’s rail and port infrastructures.
So, with this clause in AML’s agreement, pundits are saying it will now provide President Weah’s administration the leverage to ratify the AML agreement before that of HPX without violating the agreement signed between AML and his predecessor Ellen Johnson-Sirleaf.
Let us not forget that it’s stated in the AML existing agreement that no other concession or part can use the rain without the consent and agreement of AML.
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Despite its repute, in statistical databases this variation exhibits solely a barely larger share of White wins and attracts, as opposed to the Alternate Variation.
Whether you select to discover the vast offerings of on-line shops like RebelsMarket or enterprise into native thrift and second-hand stores, there are plenty of alternatives to seek out gothic treasures.
An internet conference is a virtual assembly at which individuals in different locations alternate info in actual time over the Web or an organization intranet.
Preparations are beneath path of the Robbins Funeral Dwelling of Fletcher.
The OECD Main Economic Indicators (as well as a related twice-yearly publication called Economic Outlook) inform commentary on economic performance in the mainstream and financial press, including by Reuters, Agence France-Presse, the Wall Street Journal, and Bloomberg.
If we look at the stock market’s action during January, we note that the Dow Jones Industrial Average has been confined to a trading range of 200 points since the beginning of the year.
One among the largest and most vital deals that you just make in your life is buying a property or precisely a home for yourself and your family.
It’s a role-taking part in recreation in that you simply play a role and make character growth selections that be sure that you find yourself with a unique alter ego.
Tax-Saving Tools: Apart from various other schemes, DSP BlackRock Mutual Funds provide the ELSS funds as well.
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One among them is the seamless integration of several accounts administration, budgeting and planning activities.
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Likewise, most tour operators provide the visitors some alternative routes of studying more concerning the endangered ecosystem of our planet.
The last half of the novel focuses on Christie’s search for a place within a domestic sphere, which establishes her as “both nurturer and supplier”.
Earlier than 1972, Pussade and Posade Forsthaus belonged to the municipality of Harlingen, Dötzingen Manor, Hagen Manor, Marwedel, Meudelfitz Manor, Meudelfitz and Sarchem to the city of Hitzacker and Leitstade to Wietzetze.
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When he addresses one explicit matter on this famously liberal city — the knowledge of utilizing paper luggage as an alternative of plastic — he is aware of precisely what his viewers thinks before he even opens his mouth.
Since its institution in 1998, Gramercy has transitioned from a boutique emerging markets debt agency to grow to be a diversified funding adviser.
As the central national contact point (EFSA Focal Point), the BfR coordinates the exchange of scientific information between the European Food Safety Authority (EFSA) and the authorities responsible for food and feed safety in Germany, as well as involved parties from the field of industry, politics, science and consumer associations.
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