The Plenary of the House of Representatives Joint Committee, has been mandated to conduct a comprehensive investigate the financial and operational activities of Bea Mountain Mining Corporation (BMMC).
Due to the urgency of the investigation, the Committee on Investment and Concessions is to collaborate with the one on Lands, Mines and Energy, Public Accounts, and Hydrocarbon.
The decision follows a communication from Nimba County Electoral District #5 Representative, Kortor Sehwongbay Kwagrue, who raised technical and financial concerns regarding the company’s compliance with its concession agreement with government.
Rep. Kwagrue urged Plenary to exercise its oversight responsibility by inviting the management of BMMC to provide full disclosure and clarity on its operations, ensuring transparency, accountability and the protection of national interests.
The joint committee’s investigation will focus on Corporate Income Tax Payments, a review of BMMC’s corporate income tax contributions over the past three fiscal years, including verification with records from the Liberia Revenue Authority, corporate Social Responsibility (CSR), an assessment of the company’s social investments in affected communities, detailing projects, financial commitments, beneficiaries, and implementation status, compliance with the 2023 Concession Agreement and a comprehensive evaluation of BMMC’s adherence to its contractual obligations, including financial responsibilities, environmental standards, community development provisions and statutory reporting requirements.
Kwagrue further said, the national significance of the probe, noting the importance of ensuring that the country derives maximum benefit from its natural resources while upholding transparency and accountability.
The House has meanwhile, recommitted itself to strengthen legislative oversight within the concessions sector as a means of promoting public trust and advancing equitable national development.
The Joint Committee has been instructed to report its findings and recommendations within a timeframe to be determined by Plenary.