Liberia is set to restart its ore mines in 2011 after the easing of political instability in the country, the International Monetary Fund (IMF) has said in a report on Liberia. According to the report,

growth is to be boosted through positive spillover effects on other
sectors as iron ore production restarts in the country. Meanwhile, tax
revenues from the two largest iron ore projects that are projected to
start in 2011-12 are expected to reach about $260 million by 2014,
accounting for 17 percent of the country’s GDP.

The country is expected to grow 7.5 percent in 2010 and in two-digit
numbers from 2011 until 2013. Although the medium-term prospects for
Liberia remain favorable, the economy is heavily dependent on the
restart of iron ore production in 2011 and on continued political
stability. Accord

Source: Steel Orbis

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