Liberia: Gold to Be Refined At Home, Plans Wealth Fund and State Mining Company – Boakai

MONROVIA — Liberia will require gold to be refined domestically before export, President Joseph Nyuma Boakai said Wednesday. He also announced a sovereign wealth fund funded by a fixed share of mineral revenues and a state mining company that will take ownership stakes in projects rather than relying solely on royalties.

Boakai said the government’s policy requires gold extracted in Liberia to undergo primary and secondary refining at licensed domestic facilities to internationally recognized…