Ivanhoe Atlantic announced on Mar. 25 that it has received formal acceptance from the Government of Liberia for its Environmental and Social Impact Assessment (ESIA) related to Phase One transport and logistics infrastructure for the Kon Kweni Ultra-High Grade Iron Ore Project.
The ESIA approval marks a significant step in advancing the development of rail, port, and logistics infrastructure needed to support iron ore exports from Guinea through Liberia. This regulatory milestone follows the ratification of Ivanhoe Atlantic’s Concession and Access Agreement with Liberia, enabling access to multi-user rail and port facilities.
Ambassador (Ret.) Dr. J Peter Pham, Executive Chairman and Interim CEO of Ivanhoe Atlantic, said: “This approvals milestone in Liberia is a testament to the dedication and thoroughness demonstrated by our Ivanhoe Atlantic team and our specialist partners throughout the process. We believe that promoting the wellbeing of the environment and of communities where we operate are essential principles that guide our business decisions.”
Pham also said: “This milestone underscores our strong and collaborative relationship with the Government of Liberia while reinforcing our commitment to developing multi-user infrastructure that generates long-term economic value, creates employment opportunities, and delivers broader benefits to Liberia. We look forward to soon seeing the establishment of the National Rail Authority which advances a true independently operated multi-user access system in Liberia.”
The ESIA was developed by Earthtime Group, an accredited Liberian environmental advisory firm, following extensive studies over several years as well as community engagement programs. The assessment aligns with both Liberian regulations and international standards such as those set by the International Finance Corporation.
According to Ivanhoe Atlantic’s announcement, Phase One includes building rail and port infrastructure in Liberia capable of supporting large-scale iron ore exports. Future project expansions will require additional regulatory reviews. The company expects this project will bring substantial investment into Liberia along with direct job creation during its lifecycle.