Liberia, March 30 -- A new assessment has uncovered major financial leakages, environmental damage, and governance failures in Liberia's mining sector, raising fresh concerns about the country's ability to meet its development and climate goals.

The report, titled "A Rapid Assessment of Liberia's Mining Sector with a Focus on the Local Impacts on Forests and People," was commissioned by Forest Trends and conducted by Liberian and international experts using data from institutions including the Liberia Extractive Industries Transparency Initiative (LEITI).

Billions Unaccounted For

According to the findings, mining companies paid more than US$844 million to the Government of Liberia between 2007 and 2023. However, the report highlights a...