Liberia: HPX Actions Strangulate New Investment

Actions of American-owned High-Power Exploration (HPX) in the operation and administration of the Buchanan-Yekepa Railway is said to be strangulating and impacting millions of dollars in new investment in Liberia, according to an investigation.

One of the most promising investors in the West African sub-basin iron ore sector, Nimba Development Company (NDC) is facing delays in its operations in Liberia, largely due to the ongoing interference and conduct of HPX, which is a rival Guinean mining…