Jonah Capital Renovates, Constructs Schools

The management of Jonah Capital (BVI) Liberia Ltd., a junior mining and exploration company which was   established in Liberia in 2008 has succeeded in signing a memorandum of understanding (MOU) with County Authorities and the Local Officials and people of LeewehpeaMah District of Nimba County.

Accordingly, all parties have reached a formal understanding to use 2% of Jonah Capital’s exploration budget which is set aside as part of the requirements under the exploration regulations governing the conduct of mineral exploration in Liberia as well as obligation to the people of Nimba County who lived in and around the company’s area of operation. See Full Text On Page 3

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The management of Jonah Capital (BVI) Liberia Ltd., a junior mining and exploration company which was   established in Liberia in 2008 has succeeded in signing a memorandum of understanding (MOU) with County Authorities and the Local Officials and people of LeewehpeaMah District of Nimba County.

Accordingly, all parties have reached a formal understanding to use 2% of Jonah Capital’s exploration budget which is set aside as part of the requirements under the exploration regulations governing the conduct of mineral exploration in Liberia as well as obligation to the people of Nimba County who lived in and around the company’s area of operation.

In an interview with Mr. David K. Renner, Chief Operating Officer, mentioned that Jonah Capital commenced exploration back in 2011 when the company acquired six licenses from the Government of Liberia through the Ministry of Lands, Mines and Energy to embark on some reconnaissance work on prospective iron ore deposit within Liberia.

In his summary of the company’s activities, he indicated, “We subsequently converted those licenses to mineral exploration licenses. These licenses have an initial tenure of three years and can be extended for an additional 2 year term if the result from our exploration work was encouraging.”

After the three years period, Renner disclosed that the group reached a decision to relinquish three of these licenses because results obtained on those were not encouraging and as the result of that Jonah Capital became obliged to renew/maintain three of these licensees, one in Nimba County while the other two are situated in Grand Gedeh County.

He lamented the dark days in the nation’s history wherein the company suspended work for some time due to the Ebola out break in order to make sure that employees working in the field were not at risk. During this period Jonah Capital remained steadfast and provided support through the donation of two 4WD vehicles to the Nimba County health team to complement government’s effort in kicking the deadly Ebola virus out of the country.

He spoke of a cordial working relationship with all stake holders, stressing, “our key strategy in all the areas we operate is to work closely with the various stake- holders and county authorities, communities, elders, because we are fully aware that without the support of these key stake- holders our work will not progress to the standard that we want. In essence, we ensure that our social license to operate in our concession areas is well protected.”

“So far we haven’t had any major issues with any of the communities we have been to in terms of disagreement with the work we have been doing there. We usually fill our employment requirements in the area by employing locals directly from the communities around where we are working with the exception of certain highly skilled requirements such as drilling technicians where you need more experienced people to do the work. If we are there for a considerable period, then we will be able to train people to take over such job in the future.”

From what was gathered, key among the exploration requirements is to expend 2% of the company’s exploration budget on neighboring communities intervention mainly in the areas of education and health services.

In this particular case, projects that were agreed with the stake-holders have gone well with one of them being 100% completed while the second project is currently on going and looking forward to same being complete in the next three to four weeks.

In a media conversation recently, Jonah Capital’s Chief Operating Officer, David K. Renner, explained that the company’s Grand Gedeh operations have not gone too far mainly because of poor access to where the license area is, and as a result   little- work have being done.

He explained that with the current market condition where iron ore prices have fallen sharply, Jonah Capital is currently re-strategizing and prioritizing their projects portfolio. For the time being, Renner stressed, “results from Nimba are encouraging and we will definitely continue to carry out work there.   We are still doing some review of the existing data as well as other issues which we need to start working on which will complement the work we have done so far.”

He furthered explained that Jonah Capital has not yet signed an MDA with the Government of Liberia. “Is only when you believed you have found something of economic substance that you go ahead and sign an MDA because the MDA is a very important document both for the company and the government and people of Liberia because it has in there various conditions that will guide the development of a project,” he stressed. “The overall results gotten so far are encouraging and we will continue to work over the next two years to see where we can take our projects.”

On being ISO compliant, the Jonah Capital Boss maintained that as an international company they comply with all the requirements in environmental, health and safety standards. “Everything we do is of high standards both as prescribed by Liberian regulations and other international standards,” he maintained.

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