(pradd) – liberia - Land Tenure and Property Rights Portal

To facilitate joint ventures—private investment from outside of Liberia to cooperate with miners—rules andregulations governing cooperation between miners and financiers need to be improved and elaborated inappropriate regulations. The provisions of Section 6.3.e are not sufficient to govern a cooperative enterprise,but care should also be taken not to over-regulate it so that the formalities make it unfeasible.8.5 REWARD CONTINUED REGISTRATION AFTER A CERTAIN PERIODMiners are more likely to obtain and renew their licenses if there are incentives to remain registered. If anADM miner is licensed for a certain amount of years, or registers a certain amount of production with theRDO within a certain time period, he/she should become eligible to receive some form of reward forcontinued compliance. These are just a few examples: reduce the license fee for the sixth and subsequentyears of undisrupted registration, or a certain amount of carats registered with the RDO, rewarded by a smallreturn and exclusive “cash back” from either royalty or benefit-sharing. Another option is for MLME toinvest in tools and make access to tools available as “reward” for continued compliance.PRADD LIBERIA: A REVIEW OF THE LEGAL, REGULATORY AND POLICY FRAMEWORKGOVERNING ARTISANAL DIAMOND MINING IN LIBERIA 31