LAMCO to Retake Mount Nimba Concession?

first_imgReports filtering into Nimba County suggest that the Liberia – America Mining Company formerly LAMCO is said to be coming back to take possession of Mount Nimba Concession from the world steel giant Arcelor Mittal which is currently in charge of the concession.According to some residents in Yekapa and some employees presently working with Mittal, the steel company is scaling down operations gradually owing to the news of LAMCO resurfacing to retake their old concession.Unconfirmed reports said that LAMCO and the Government of Liberia signed a concession agreement for 75 years beginning in the early 60s after the exploration of the mountain followed by mining and subsequent shipment of ore in 1965.The reports added that based on the concession agreement, there have been a series of meetings among former LAMCO investors in Europe who intend to return to Liberia and retake the concession.“We are hearing of LAMCO coming back so things are not so good now in Yekapa because Mittal is slowing down some activities,” said one Bigboy, a government security officer. It is not clear whether the news is true or false, but the movement of trains is said to be slowing down gradually according to citizens living along the railroad.But, a prominent son of Nimba who is also a former employee of LAMCO and now serves as County Inspector, Thomas Q. Suah, disputed the rumor saying, “I don’t think LAMCO will ever come back because LAMCO sold its share of the company to the Liberian Government for US$ 1 in 1989 and gave the government US$ 8million for any claims.”He said that upon turning over the concession to the government of Liberia, the company was called LIMCO or Liberia Mining Company.Suah added that LIMCO operated the company until the 16 year war erupted and everybody fled from the concession area in the early 1990sRegarding the slowing down of trains, one of the Mittal rail workers who asked not to be named, said the slowdown was due to lack of iron to be transported.He said production at the mine was slow owing to the breakdown of most of the machines that were operating in the mine.However, when contacted the Communications Manager of Mittal, Hesta Pearson Baker, described the report as false and misleading.Some observers believe that the reports emerged because of the company’s failure to rehabilitate the town of Yekapa almost 10 years after they took over.Mittal and the Government of Liberia reached a Mineral Development Agreement in the year 2005 and the company began shipment of ore in September 2011. But where the news started regarding the old concession company LAMCO coming back is yet to be established.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Customers Unhappy at Winners Inc. Delay

first_imgCustomers at the offices of Winners Incorporated on Broad Street.Many unhappy customers of Winners Incorporated recently prevented some staff members of the company from leaving its head office on Broad Street, because their winnings were not paid by the management.They told journalists that the company failed to pay their winnings, which prompted their action. “I have lost a lot of money with Winners in the past and when the time came to pay us what we won, they refused to do so,” one of the unhappy customers said.He said information came from Winners Incorporated suggesting to them to take their grievance to the National Lottery Authority (NLA), one of the disgruntled customers said Winners Incorporated management is aware that most of the customers cannot seek any legal help.“Some of us (people with winning tickets) are worried and don’t know if we will continue to play with Winners Incorporated because of the situation,” one said.Several of the customers also accused Winners Incorporated of not responding to their concerns since they have been partners in their betting game.A lady customer refused the company’s claim that “it does not have to pay when the odd number is not correct. But how can I know if the odd number is correct? Anytime I win big money, they can say the odd number is not correct and so they will not pay.”“They just fooled us every day because they delayed paying our money,” another customer said.Responding to Winners Incorporated, a man who asked not to be identified because he was not authorized to speak said the company engaged the unhappy customers and finally paid out their winnings. He could not explain the cause for the delay and refused to get into the details on the odds that was seemingly responsible for the crisis.He, however, denied that the delay in payment was deliberate and intended to fool them. “We have been in the sports betting business for a long time and we always take care of our customers,” he said. “We have settled their concerns and all is fine.”Sports betting have been around for some time and another company Doxxbet Liberia Inc. is also said to be a strong competitor in the sector.Said a spokesman: “We at Doxxbet Liberia Inc. are always aware of our responsibility, including the odds we are offering. We understand that Liberian customers deserve a high-quality service and that is what we have been offering for many years. We will try to keep the same level of effort and dedication, so our customers always consider us fair and trustworthy company.”Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more