Liberia has joined other countries in the West-Africa sub-region to have its first large scale gold Mining operation as President Ellen Johnson Sirleaf commissioned the 'The New Liberty Gold Mine' in Grand Cape Mount County.

The commissioning took place on Tuesday August 18,

The company, according to its Management, has made initial investment of US$250,000,000 into Liberia's economy and two hundred million of that amount was used to build a mining plant.

The company estimates that over nine hundred thousand ounces of gold will be mined by Bea Mountain Mining Corporation during its 25-year operations in the country. The company said it has already made two shipments of Gold and is expected to make a third shipment, though the value of the two shipments was not stated. David J. Readings, President and CEO of the company in remarks said his company had to take loans from South African Banks to kick start the project. He said there is prospect in the gold sector but fear that decline in the price of gold on the world may affect their operation.

"Madam President this is an initiative that started since 1997 and kicked off in 2011; but today we are proud to say that we have kept a promise to invest in Liberia and today Liberia is now among the world gold producing countries," said Readings. He commended the Liberian government for its support to the investment and commended the people of the area who are the owners of the land for the peaceful and mature manner they have conducted themselves in handling their concerns.

CEO Reading told the gathering that the establishment of the mining company in that area has brought to those communities normal economic activities and the population has increased from three thousand to over fourteen thousand with the establishment of businesses. As part of its human capacity development the company, through its CEO, said they have opened the first simulation training center in West Africa in Liberia and it has trained over twenty-eight heavy duty truck drivers. And more than ten of that number is women, some of whom are employed by the company.

In her commissioning remarks, President Ellen Johnson Sirleaf said the commissioning of the company comes at a very crucial time and expressed joy, because according to her, the operation of the company will have direct impact in developing the lives of Liberians and the citizens of the concession areas.