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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (36442)	5/1/2009 6:00:24 PM
From: LoneClone	Read Replies (1) \| Respond to of 193999

Delta to bid for Liberian iron-ore after cleared of impropriety allegations miningweekly.com By: Chanel Pringle 30th April 2009 JOHANNESBURG (miningweekly.com) – Diversified South African exploration and mining company Delta Mining Consolidated (DMC) was “actively looking” at a number of investment opportunities in Liberia, now that the country’s government had cleared its name of allegations of bidding impropriety. DMC had taken legal action against the Liberian government in December last year, following the State’s decision not to award it a $1,6-billion iron-ore concession, for which it had earlier been declared the provisional winner. In September, the country had disqualified DMC and India’s Tata Steel from participating in a relaunched bidding round for the Western Cluster iron-ore deposit, citing alleged “acts of violation” by the companies in an earlier bidding process. The Liberian Lands, Mines and Energy Minister Eugene Shannon this week, however, said that it had re-examined the matter and that the DMC was not under any investigation for any acts of impropriety. “The government has not been presented with any evidence that implicates DMC in any acts of impropriety, criminality or wrongdoing in relation to the bidding process,” he commented in a media statement. He also confirmed that DMC could participate in the second-round bid for the Western Cluster iron-ore deposits. “As far as I am concerned, the matter is now closed and we can move forward to a more constructive engagement with the Liberian government,” DMC CEO Heine van Niekerk said in a statement. Shannon, meanwhile, encouraged DMC to participate in investment opportunities in the country, including the Western Cluster deposits.