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-250-<br />

which can be fed directly to blast furnaces) from hematite ore<br />

with a FE-content of 64 - 66?. Bong's pelletizing plant, on<br />

the other hand, treats itabirite ore with an average Fe-content<br />

of only 38.7? and which is first upgraded in a concentrator to<br />

63.5?. <strong>The</strong> difference in character of the operations of the two<br />

mining companies is clearly demonstrated by LAMCO's policy to<br />

discard ore with an Fe-content of less than 45? (111).<br />

THE LIBERIAN IRON AND STEEL CORPORATION<br />

<strong>The</strong> Loma-people in the northwestern corner of Liberia knew of<br />

the existence of iron bearing rocks in the Wologisi Range and<br />

even developed small-scale smelting of iron in the 19th century<br />

(112). Twisted iron bars were produced and introduced as a<br />

medium of exchange. (Not until the second half of the present<br />

century was this locally produced money completely replaced by<br />

the U.S. dollar and by Liberian coins). In 1934 President Edwin<br />

Barclay made payment in western currency compulsory for traders<br />

who wanted to purchase products in the interior of the<br />

Republic (113).<br />

<strong>The</strong> Wologisi Range is located in northwestern Liberia, about<br />

140 miles from Monrovia - as the crow flies. <strong>The</strong> area was<br />

aeromagnetically surveyed for the first time in 1953 by the<br />

Aero-Service Corporation of Philadelphia as part of a general<br />

survey of Liberia (which also resulted in the "discovery" of<br />

the Putu iron ore deposits). <strong>The</strong> potential mining area occupies<br />

about 14 miles of the Range, between the villages of Kpandemai<br />

and Dabu. <strong>The</strong> greater part of the Range, however, is still<br />

covered by heavy, primary rainforest. Mainly to the west of the<br />

mountainous area there are open areas, the so-called "grassfields"<br />

which form a landscape of a savanna type (114-) •<br />

Lee Edgar Detwiler (1966)<br />

Mid-1966 Lee Edgar Detwiler turned up again in Liberia, this<br />

time with the Liberian Iron and Steel Corporation (LISCO), the<br />

successor to the Kitoma Trading and Mining Company after he had<br />

reached an understanding with the owner(s) of this company.<br />

As may be recalled, the Kitoma Trading and Mining Company, a<br />

Liberian-owned company, in 1964 had concluded a mining concession<br />

agreement with the Liberian Government. In 1965 LAMCO had<br />

successfully claimed the Kitoma area when the Attorney General,<br />

James A.A. Pierre, had declared the 1964 Agreement a voidable and<br />

unenforceable document. <strong>The</strong> owner of the company, Togba,<br />

subsequently had been compensated by LAMCO. He also had been<br />

granted exploration rights with respect to Mount Wutivi in the<br />

Wologisi Range and a promise of the Liberian Government that in

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