Mineral Company Refutes Media Report

Steinbock Minerals (Lib) Ltd (STEINBOCK), Mining Company in the country has sharply reacted to a story in a local daily saying that the article is inaccurate.

In a release issued yesterday in Monrovia, Steinbock noted that there are some significant inaccuracies and misguided implications reported in the article which it seeks to address in order that a true and fair reflection of Liberian barite mining is presented, rather than readers being seriously misled by an incorrect report.

According to the company, the key areas of inaccuracy and misguided implication include, the legality of Barite Mining by Steinbock; it is legal and conforms to all requirements by the Ministry of Lands, Mines & Energy (LME); the mining of gold adding that STEINBOCK does not mine nor produce gold; the workforce noting that over 95% of the total STEINBOCK workforce is Liberian.

The company also added that the concern over environmental inspections and restoration after extraction: LME and EPA inspections are regularly received; restoration schemes are an integral and planned part of the operation and will be implemented in liaison with the Ministry of Lands, Mines & Energy (LME).

Steinbock Minerals (Lib) Ltd. commenced operations to extract barite in Liberia in 2012. The company said these operations involved taking surface barite from four different locations under a Class “B” Mining Licenses granted to the company by the Ministry of Lands, Mines & Energy (LME) in 2012.

The company then clarified that it is licensed to mine and export barite only with the agreement of the Ministry of Lands, Mines & Energy (LME).

“These concessions are for the extraction and processing of barite only not gold, as incorrectly indicated in the article. STEINBOCK does not mine any gold in Liberia or in any other country where it is currently operating. STEIN BOCK is a producer of non-metallic industrial minerals such as barite, fluorspar, and talc,” a release signed by Mr. Abel Coplet, CEO Alex Francisco, General manager clarified.

The Management of Steinbock also added that a common method of separating the denser barite from the less dense materials (such as clay, laterite, metamorphic rock) is to use a jigging process adding, “This technology for barite separation is used frequently worldwide, including at our established associate barite operations in China.”