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CHAPTER 7: (continued) Page
The Bea Mountains Iron Ore Deposits 182
Summarised History of L.M.C. 189
The. National In.on On.e. Company 190
The Concession Agreement 194
The Viability of the Mano River Mine 196
Management and Sales Agents 196
Loans 199
CHAPTER 8: IRON ORE:
THE LIBERIAN AMERICAN-SWEDISH MINERALS
COMPANY
THE DEUTSCH-LIBERIAN MINING COMPANY
THE LIBERIAN IRON AND STEEL COMPANY 204
The LAPICO 2-oint V e.ntun.e.t Historical Background 204
The 1953 Concession Agreement with Lee Edgar Detwiler 204
The Search for Investment Capital 205
The Discovery of the Mount Nimba Iron Ore Deposits 206
The 1960 Mining Concession Agreement 210
The Dispute Over the Kitoma Range 212
The Organisational Structure and the Ownership
of the LAMCO J.V. 216
The Management of the Mine 217
Ore Sales 219
The Triton Affair 220
The Financial Advisor 221
The Debt-equity Ratio 221
Royalty Payments 225
The 1974 Revision of the 1960 Mining Concession
Agreement 226
Political Changes since 1971 226
The Improvements 228
LIBETH 230
Fiscal Aspects of the LAMCO J.V. 231
BELincO/B.n.C. 235
Long-standing German Interests in Liberian Iron Ore 235
The Concession Agreement (1958) and the Opening of
the Mine (1965) 236
Fiscal Aspects of B.M.C. 238
The 1974 Supplemental Agreement 243
Summarised History of B.M.C. 244
Some Aspects of B.M.C. ! s Performance 248
The. Lii-e.n.ian In.on and Steel Con.pon.ation 250
Lee Edgar Detwiler (1966) 250
The 1967 Concession Agreement with Lee Edgar Detwiler 253
Rumanian Interest in Developing the Concession 254
Changes of the Concession Agreement 255
Management, Sales and Technical Services Agreements;
Change of Ownership • 255
Some Reasons Why the Wologisi Project Did Not
Materialise 257