SAMA Mineral Holding Incorporated, SMHI, a prominent participant in Liberia’s mining a mineral sector is hailing the Ministry of Mines and Energy for launching its comprehensive Gold Traceability and Capacity Building Training Program for licensed gold dealers, regional mining officers and sector stakeholders across the Country.
The initiated, spearheaded by the Ministry unders the leadership of the Government of Liberia represents a transformative step towards institutionalizing end-to-end transparency, regulatory compliance, and responsible sourcing throughout the gold value chain.
By equipping dealers, brokers and artisanal mining cooperatives with practical tools including digital tracking and alignment with the OECD due diligence guidance for responsible supply chains of minerals in high risk areas, the GOL is directly addressing historical vulnerabilities and building a modern framework for sustainable mineral management.
Speaking at the gathering of key sector players hosted by the Ministry of Mines and Energy last week towards tracking, strengthening and documenting of Liberia’s legal trade and export of minerals, Minepakai Dumoe, Chief Executive Officer of SAMA Holding Incorporated, highlighted the importance of coordination amongst dealers in Liberia’s mineral industry, stressing that it will address the effects of regulation and guarantee beneficial interests.
He emphasized the importance of a devolved licensing regime, indicating that it will produce a smooth and more responsive business environment.
Dumoe categorized the efforts of the Ministry as ‘farsighted reforms’ and greater actions aimed at simplifying the processes of acquiring and renewing mining licenses as well as an engaged regulatory regime.
Assistant Mines Minister, Sumo Momolu, indicated that reforms and strengthening of the process of legal mineral trade is ‘work in progress’, adding that such reforms were intended to deliver growth in business climate and trade in minerals.
Assistant Minister Momolu emphasized that the training also assured that those officially licensed were not short-changed by illegal miners. He applauded the preposition advanced by SAMA’s Chief Executive, that such endeavor will leverage greater bargaining power of cooperatives.
