MONROVIA, April 18 -- Liberia's rails and port facilities would be of major significance for the export of Guinea's iron ore mined from the Zogota iron ore deposits by Niron Metals Plc - a mining company in Guinea.

Permission to use the country's facilities were granted through a Memorandum of Understanding between the Government of Liberia and the mining company.

The Liberian Government and Niron Metals jointly announced on Thursday that the MOU was made possible following "joint vision of economic cooperation" expressed between Liberian President George Weah and his Guinean counterpart Alpha Conde earlier this month.

"This agreement opens a new chapter and supports the development of a world class mining and logistics project for the b...