𝗖𝗵𝗶𝗻𝗮 𝗨𝗻𝗶𝗼𝗻 𝗢𝘄𝗲s 𝗚𝗼𝘃’t Huge Money

HoR’s Committee….with LRA, pressed China Union for answers regarding its outstanding financial obligations to the government.

The Bong Mines-based China Union is reportedly indebted to the government with millions of United States dollars.

Though the company is yet to address herself to the accusation of being heavily indebted to the government, the House of Representatives (HoR) Committee on Investment and Concessions, said it has “successfully secured a US$1 million commitment” from China Union.

The Committee, chaired by Bong County District #7 Representative Foday Fahnbulleh, said the commitment, is part of efforts to recover arrears owed the government.

At a Concession and Compliance hearing on Wednesday, August 27, the Committee, working in tandem with the Liberia Revenue Authority (LRA), pressed China Union for answers regarding its outstanding financial obligations to the government.

LRA Deputy Commissioner for Technical Affairs, Gabriel Y. Montgomery said, the company owes the government several million dollars, citing long-standing arrears.

The National Bureau of Concessions, Director General Theodore Momo, also flagged China Union multiple compliance issues, including delays in payments and failure to meet key concession benchmarks.

Faced with mounting pressure, China Union’s Deputy Managing Director, Kim Sheng, promised to make a US$1 million payment before the close of the working day (yesterday), a move seen as a partial, but significant step toward settling the company’s debt.

The Committee oversight, backed by technical data from the LRA, signals a renewed push for accountability in the concession sector.

Rep. Fahnbulleh urged concessionaires to honor their commitments to ensure that Liberia’s natural resources translate into real development gains.

As hearings continue, the spotlight remains on enforcement, transparency, and the broader effort to ensure that foreign investments serve the public interest.