Monrovia, Feb. 5 -- The Framework Agreement between High Power Exploration (HPX), a U.S.-based mining company, and the Government of Liberia executed on March 30, 2022, was touted as a significant step in securing vital rail and port infrastructure for the transportation of iron ore from HPX's Guinean-Nimba Iron Ore Project. However, a closer examination of the agreement raises concerns over provisions that appear to have exploited Liberia's financial vulnerabilities, placing the country in a precarious position.

Timing of Agreement: Coercion Amid Financial Distress

The amended agreement was signed on March 30, 2022, just a day before the close of Liberia's fiscal year. This timing raises suspicions that HPX deliberately delayed negoti...