HPX signs Letter of Intent with Government of Liberia and Guma Africa Group to develop The Liberty Corridor in Liberia, which will contain a new heavy-duty railroad connecting the Nimba district of Guinea to a new Liberian deep water port

February 12, 2024 05:22 PM GMT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
 HPX signs Letter of Intent with Government of Liberia and Guma Africa Group to develop The Liberty Corridor in Liberia, which will contain a new heavy-duty railroad connecting the Nimba district of Guinea to a new Liberian deep water port
Image source: Kalkine Media
  • An estimated investment of $3billion to $5 billion will enable sustainable mineral development and downstream value addition to regional economies
  • HPX and Guma Africa Group will enter into negotiations with the Government of Liberia to agree the framework granting exclusive rights to develop, finance and grant operating rights to the Liberty Corridor

MONROVIA, Liberia, Feb. 13, 2024 /PRNewswire/ -- Bronwyn Barnes, President and CEO of US Company High Power Exploration Inc ("HPX") announced today the signing of a letter of intent with the government of Liberia and the Guma Africa Group Ltd. to enter into negotiations to own, design, finance, develop and operate The Liberty Corridor – a brand new multi-user infrastructure corridor connecting Guinea and Liberia.

His Excellency The President of Liberia His Excellency Joseph Nyuma Boakai Sr (centre) with the Founder, Chairman and CEO of I-Pulse Inc Mr Robert Friedland, Ms Bronwyn Barnes, President and CEO of HPX, Mr Robert Gumede Chairmanand Founder Guma Africa Group, Amb.(ret) Peter Pham and Gerald Padmore of Cox Padmore Skolnik & Shakarchy.
His Excellency The President of Liberia His Excellency Joseph Nyuma Boakai Sr (centre) with the Founder, Chairman and CEO of I-Pulse Inc Mr Robert Friedland, Ms Bronwyn Barnes, President and CEO of HPX, Mr Robert Gumede Chairmanand Founder Guma Africa Group, Amb.(ret) Peter Pham and Gerald Padmore of Cox Padmore Skolnik & Shakarchy.

The Liberty Corridor will comprise a brand-new world-class rail system connecting Guinea to a new deep-water port at Didia, Liberia, an extension of the existing hydropower network from Côte d'Ivoire into the Nimba districts of Liberia and Guinea, an upgrade of existing road networks and the implementation of fibre optic telecommunication cable connecting Liberia to the Nimba district and potentially beyond.

The Liberty Corridor would be a joint development between the Government of Liberia, HPX and the Guma Africa Group.

GUMA AFRICA GROUP is a Pan African diversified investment and operations group involved in Mining, Infrastructure, Tourism & Hospitality, ICT, Healthcare, Human Capital Development, Renewable Energy, Rail Manufacturing, etc. Guma operates in 28 African countries.

HPX is an American exploration and development company focused on advancing its high-grade long-life iron ore mine in the Lola region of the Southeastern region of the Republic of Guinea.  HPX's major shareholder and technology provider is I-Pulse Inc, a US Company founded and Chaired by Mr Robert Friedland and has a number of high profile American institutional and private investors as shareholders.

I-Pulse Inc. is a private American company with a multibillion-dollar valuation founded by Robert Friedland and Laurent Frescaline and backed by a global network of shareholders. Visit www.ipulse-group.com to learn more. 

Further information or Media contact:
Bronwyn Barnes, President and CEO HPX
[email protected]
+44 7810 227 672

Joe MacDonald, Head of Strategy and Business Development
[email protected]
+ 44 7525 341 493

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalized advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

AI on the Rise: A Look at Top AI Companies and Their Stocks

Recent Articles

Investing Tips

Previous Next