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LEITI

Liberia Extractive Industries Transparency Initiative

SUMMARY OF LEITI THIRD REPORT
1 July 2009 – 30 June 2010

LEITI MULTI-STAKEHOLDERS STEERING GROUP
Government of Liberia
1. Ministry of Finance – Chair 2. Ministry of Lands, Mines & Energy – Co-chair 3. Ministry of Internal Affairs (MIA) 4. Forestry Development Authority (FDA) 5. National Oil Company of Liberia (NOCAL) 6. Ministry of Agriculture

National Legislature

1. The Liberian Senate 2. The Honorable House of Representatives

Civil Society Organizations

1. Publish What You Pay (PWYP) 2. Federation of Liberian Youth (FLY) 3. National Traditional Council of Liberia (NTCL) 4. Gold & Diamond Miners Workers Union of Liberia 5. Gold & Diamond Brokers & Dealers Association

Private Sector

1. ArcelorMittal 2. Chevron 3. BHP Billiton 4. Liberia Timber Association (LTA)

Development Partners

1. World Bank (WB) 2. International Monetary Fund (IMF) 3. United Nations Development Program (UNDP) 4. UK’s Department for International Development (DfID) 5. United States Government 6. United Nations Mission in Liberia (UNMIL) 7. Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) 8. African Development Bank (ADB)

2 Liberia Extractive Industries Transparency Initiative

PART-1: NARRATIVE
1.1 INTRODUCTION

This is a summary document to the 3rd reconciliation report on payments made to the Government of Liberia (GOL) by companies operating in the mining, oil, forestry, and agriculture sectors and the GOL receipts of revenues received from these companies. The reconciliation exercise has the following key objectives: serving as a source document for the Government and people of Liberia, and the world at large of the financial benefits that are accrued from the four sectors under review; helping the Government and people of Liberia to recognise the potential positive contribution that forest, agriculture, oil, and mineral resources can make to the economic and social development of Liberia; and meeting a partial fulfilment of the requirements of the EITI international.

1.2

BACKGROUND

The third reconciliation report of the Liberia Extractive Industries Transparency Initiative (LEITI) covers July 1, 2009 thru June 30, 2010. The report which was completed by a commissioned independent auditing firm, Moore Stephens, LLP (Administrators), undertook its field work (collection, analysis and reconciliation of data) from November 1, 2010 to December 16, 2010. Upon completing the field work, the administrators presented their initial findings to the Multi-Stakeholder Group (MSG) of LEITI. The final draft document (combining data and narrative with recommendations) was completed late February 2011.

1.3

ANNUAL EITI REPORT

The EITI is a global standard implemented locally in approximately 33 countries. The process of the Initiative sets out 12 principles and 6 criteria which implementing countries are required to uphold. One of the requirements is the production of an annual EITI Report which shows, but is not limited to, material payments made to host government by companies in the mining, oil, and in the case of Liberia, agriculture and forestry industries are included. It is noteworthy that total payments and receipts also include business licences made by diamond and gold dealers and brokers, and payments by pit-sawers. The LEITI was established in 2007 as a project and became an autonomous agency in 2009 by an Act of the Liberian Legislature. This Report is the Third EITI Report for Liberia. A review of the last two reports showed improvements in style, content, and quality notwithstanding the capacity for improvement. The process leading up to the final LEITI 3rd Reconciliation Report progressed in the following order: • C onvened two inter-active workshops for stakeholders/reporting sectors • Employed good practice procurement procedures which led to contracting an independent auditing firm to undertake data reconciliation and the preparation of a full report • A workshop was convened by the Reconcilers for reporting companies and government ministries and line agencies. • The template, approved by MSG was distributed to reporting stakeholders with instructions and submission date. • Compilation, analysis, and reconciliation of data from companies and government • Submission of a full report to the MSG for consideration • Approval, printing, publication and distribution of the Report

1.4

ANALYSIS OF DATA

During the period under review, the report shows that one-hundred-twenty-one (121) taxpayers in the mining, oil, agriculture and forestry sectors made payments to the Government of Liberia. Of this number, seventy-one (71)
SUMMARY OF LEITI THIRD REPORT 3

submitted templates to the Administrator commissioned by LEITI to undertake the 3rd LEITI Report. A breakdown of taxpayers that submitted templates are shown below:
Sector
Mining Forestry Agriculture Oil Total Taxpayers that submited templates Exhibit 1.1

Count
34 19 12 6 71

PERCENT
48% 27% 17% 8% 100%

Companies that submitted templates by Sector 34 19 12 6 Mining Exhibit 1.2 Forestry Agriculture Oil

Fifty (50) companies out of the 121 companies in the extractive sectors did not submit reporting templates, but templates were submitted by the government for these companies. A breakdown is shown below:
Sector
Mining Forestry Agriculture Others Total Taxpayers that did not submit templates Exhibit 1.3

Count
44 2 2 2 50

PERCENT
88% 4% 4% 4% 100%

Companies that did not submit templates by Sector 44

Mining Exhibit 1.4

2 Forestry

2 Agriculture

2 Oil

Below is a three-year illustration of taxpayers that are registered and those actually submitting templates in compliance with requirement:

registered companies Submitting Templates (FY 07 - 10) 140 120 100 80 60 40 20 0
Exhibit 1.5 35 30 71 64 121 Registered 71 Submitted

FY-07/08

FY-08/09

FY-09/10

Below is a three-year illustration of payments made by taxpayers and receipts confirmed by government ministries and agencies.
Three-Year Comparative Analysis 100
71.8 Government 69.7 Taxpayers

50
29.4 29.4

35.2

35.2

0
Exhibit 1.6

FY-07/08

FY-08/09

FY-09/10

4 Liberia Extractive Industries Transparency Initiative

Financial data in the tables and graphs under section 1.5 and 1.6 represent figures after reconciliation by the independent administrator. Distribution by sectors of reconciled payments and receipts in United States Dollars submitted by taxpayers and government/MOF respectively, for the period under review (July 1, 2009 - June 30, 2010) is set out below:
Sector
Mining Forestry Agriculture Oil Total Prior Year (2008-2009) Exhibit 1.7

Taxpayers (usd)
37,082,120 11,504,265 12,098,270 9,036,042 69,720,697 35,280,234

Government (USD)
38,382,860 12,177,453 12,299,858 9,035,942 71,896,113 35,425,230

Difference (USD)
(1,300,740.00) (673,188.00) (201,588.00) 100.00 (2,175,416.00) (144,996.00)

percent
-3.4% -5.5% -1.6% 0.0% -3.0% -0.4%

The excess in government receipts over companies declared payments in the amount of USD 2.18 million is broken down as follows:
None Submission of Templates Sector
Mining Forestry Agriculture Oil Total Prior Year (2008-2009) Exhibit 1.8

Difference USD
(1,300,740) (673,188) (201,588) 100 (2,175,416) (144,996)

With Disccontinued Activity USD
(249,948) (74,811)

Still Active USD
(860,144) (970) (202,455)

Differences in Templated Submitted by Taxpayers USD
9,863 6,497 867 100 17,327 60,635

Amount Not Reconciled (*) USD
(200,511) (603,904)

(324,759) (205,631)

(1,063,569)

(804,415)

1.5

UNRESOLVED DISCREPANCIES

The rationale behind the requirement for governments participating in the EITI process to hire independent Administrators to undertake the reconciliation process is to demonstrate transparency and increase credibility. It is also intended to resolve as much as possible, any variations that may exist between payments made and revenue receipts. The independent Administrators worked relentlessly to reconcile an initial variance of over $15M or 21% between total payments and receipts. Their efforts substantially reduced the disparity to a more acceptable level of over $17k or 0.02%. Naturally, our target and concerted efforts were geared toward achieving a difference of zero.

1.6

RECOMMENDATIONS

LEITI lacks a comprehensive database of companies operating in the extractive industries. There is a need to collaborate with line ministries and agencies to ensure a functional database of existing and new entrants to the extractive sectors. Other areas of concern include the need for reporting companies and GOL to submit audit certificates along with templates, and the timeliness of reporting.
(*) Most amounts reported by the Government are reconcilable because they relate to individual taxpayers, but some amounts are not reconcilable because they relate to figures reported in respect of grouping of many taxpayers, notably Pit Sawers and Small Scale Miners which are shown as one consolidated figure. Accordingly, the differences totalling USD 804,415 arising from these irreconcilable amounts cannot be considered to be a true difference as such. Nevertheless, we report them for the sake of completeness.

SUMMARY OF LEITI THIRD REPORT 5

1.7

GAC COMMENTS

The General Auditing Commission (GAC) audited the reports of revenue collections by relevant government ministries and agencies from companies operating in the mining, oil, forestry, and agriculture sectors of Liberia for Fiscal year 2009/2010, as part of the Third LEITI Report preparation process. At the end of the audit exercise, the Auditor General was unable to express an opinion on the financial templates presented by the Government agencies. According to the Reconcilers the Auditor General was unable to obtain adequate audit evidence. Notwithstanding the Auditor General’s observation, the MSG approved the Third LEITI Report at its December 13th, 2011 extraordinary sitting and resolved that issues raised by the Auditor General’s report would be addressed during the preparation of the fourth LEITI Report. The decision was primarily based on the fact that matters raised by the Auditor General on the “amount due” and “amount paid” were local requirements that did not affect the international EITI reporting guidelines.

1.8

IMPLEMENTATION

Based on recommendations from the second and third reports the LEITI Secretariat has been coordinating activities with relevant ministries and line agencies to ensure all existing companies in the extractive sectors are dully registered with the LEITI. Further, that new entrants’ registration with the LEITI becomes an integral part of the business registration process.

PART-2: Reconciled tax data and government receipts on the four Reporting Sectors
MINING SECTOR
Tax Name Common Taxes and Fees (as applicable)
Corporate Profits Tax/Turnover Tax Business Registration Operational/Professional License Vehicle Registraton Resident Permit Fire certificate Work Permits Personal Income withholding Rent/Lease Sector Specific Surface Rental Dealer License Exploration License Fees Royalty Total 4,531.22 25,435.51 4,531.22 25,435.51 210,914.00 236,790.57 210,914.00 236,790.57 960.00 960.00 37,921.00 37,921.00 20,000.00 20,000.00 20,000.00 20,000.00 5,000.00 5,000.00 29,801.00 29,801.00 4.29 4.29 200.00 100.00 8.57 1,400.00 768.00 400.00 200.00 100.00 8.57 1,400.00 768.00 400.00 900.00 900.00

Vision Incorporated Company GoL

Royal Company Company
2,200.00 800.00

Thackett Mining Incorporated Company
900.00 60.00

Pedra Corporation (Pedra Mining Company) Company
1,200.00 1,800.00 120.00

GoL
2,200.00 800.00

GoL
900.00 60.00

GoL
1,200.00 1,800.00 120.00

6 Liberia Extractive Industries Transparency Initiative

Tax Name Common Taxes and Fees (as applicable)
Administrative fees Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Customs User Fees Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permit GOL Fines Personal Income withholding Rent/Lease Sector Specific Surface Rental Class (A, B, C) License Exploration License Fees Export tax Total

Bea Mountain Company GoL

Alex Stewart Asseyers Limited Company GoL

Bukon Jedeh Resources Incorporated Company GoL

China Union Mining Corporation Limited Company
23,800,000.00

GoL
23,800,000.00

3,352.25 1,700.55 5,676.16 11,772.27

3,352.25 1,700.55 5,676.16 11,772.27 900.00 10.00 10.00 60.00 60.00 100.00 250.00 100.00 250.00 900.00

1,666.00 200.00 6,513.09 80,085.58 3,500.00

1,666.00 200.00 6,513.09 80,085.58 3,500.00 5,648.99 2,880.00 5,648.99 2,880.00 7,965.52 7,965.52

65,384.09 25,000.00 25,000.00 10,000.00 200.00 139,665.90 200.00 139,665.90 8,538.99 8,538.99 83,349.61

65,384.09

10,000.00

83,349.61

23,801,310.00

23,801,310.00

Tax Name Common Taxes and Fees (as applicable)
Corporate Profits Tax/Turnover Tax Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Administrative fees Business Registration Operational/Professional License Vehicle Registraton Resident Permit Work Permits GOL Fines Personal Income withholding Sector Specific Surface Rental Dealer License Exploration License Fees Royalty Total

Konblo Bumi Incorporated Company
3,990.01 6,293.90 774.08 65.57 57.14 60.00 2,146.00 350.00 7,740.81 37,343.50 139,075.64 25,000.00 25,000.00 262.08 248,158.73

Hummingbird Resources Incorporated Company
600.00 9,473.73 9,288.48 1,219.99

Sinoe Exploration Limited Company GoL

Afro Minerials Incorporated Company GoL

GoL
3,990.01 6,293.90 774.08 65.57 57.14 60.00 2,146.00 350.00 7,740.81 37,343.50 139,075.64 25,000.00 25,000.00 262.08 248,158.73

GoL
600.00 9,473.73 9,288.48 1,219.99

1,800.00 60.00 3,698.00 1,775.00 3,400.00 19,322.89 22,190.00

1,800.00 60.00 3,698.00 1,775.00 3,400.00 19,322.89 22,190.00

900.00 60.00

900.00 60.00

900.00 60.00

900.00 60.00

34,594.70

34,594.70

6,177.60

6,177.60

5,000.00

5,000.00

5,000.00

5,000.00

5,000.00

5,000.00

77,828.09

77,828.09

40,554.70

40,554.70

12,137.60

12,137.60

SUMMARY OF LEITI THIRD REPORT 7

Tax Name Common Taxes and Fees (as applicable)
Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Customs Users Fee Business Registration Operational/Professional License Vehicle Registraton Resident Permit GOL Fines Personal Income withholding Sector Specific Surface Rental Class (A, B, C) License Dearler License Exploration License Fees Block Inspection Fees Area Fee Total

Global Mining Incorporated (GMI) Company
83.72 11.22

Deveton Mining Company Company GoL

Treco Mining Corporation Company
55,867.35 9,507.12 1,665.42 662.09

GoL
83.72 11.22

GoL
55,867.35 9,507.12 1,665.42 662.09 900.00 60.00 1,556.00 750.00 2,910.52 3,096.25 17,668.00

900.00 60.00 500.00 500.00

900.00 60.00

900.00 60.00 1,556.00 750.00 2,910.52 3,096.25

72,352.40 5,000.00 5,000.00 5,000.00 5,000.00 15,000.00

72,352.40

17,668.00

15,000.00

5,000.00

5,000.00

10,594.94

10,594.94

88,312.40

88,312.40

99,642.75

99,642.75

Tax Name Common Taxes and Fees (as applicable)
Corporate Profits Tax/Turnover Tax Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Administrative fees Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permit Fire Certificate GIS Map(s) Work Permits ID cards fees GOL Fines Personal Income withholding Rent/Lease Sector Specific Broker License Class (A, B, C) License Dealer License Royalty Mineral Dev.t & Research Fund (pd to MLME only) Total

ADMT Company Incorporated Company
1,866.00 11,457.28 6,087.00 740.82 85.71 60.00 471.00 250.00

Massa Investment Corporation Company GoL

West Africa Gold and Diamond Incorporated

Star Diamond Company Company GoL

Larwuo-Wolu Incorporated Company GoL

GoL
1,867.00 11,457.28 6,087.00 740.82

Company

GoL

965.85 85.71 60.00 471.00 250.00 57.14 60.00

965.85 57.14 60.00 250.00 57.14 20.00 1,260.00 100.00 150.00 57.14 20.00 60.00 100.00 150.00 58.57 8.57 300.00 957.14 1,220.00 957.14 20.00

1,450.00 400.00 3,216.25 2,068.47 150.00 3,000.00 5,000.00 40,289.83

1,000.00 200.00 3,216.25 2,068.47 150.00 3,000.00 5,000.00 40,290.01 5,000.00 5,000.00 25,000.00 54,653.19 25,000.00 54,653.19 60.00 60.00 22,695.71 5,420.00 5000.00 150.00 1,500.00 25,000.00 150.00 1,500.00 5000.00 20,000.00 5000.00 200.00 200.00 120.00

76,592.36

75,493.55

6,532.99

6,332.99

81,440.33

80,040.33

29,145.71

8 Liberia Extractive Industries Transparency Initiative

Tax Name Common Taxes and Fees (as applicable)
Contributions to Community (paid to government only) Corporate Profits Tax/Turnover Tax Import Levy Excise Tax GST (paid to government only) ECOWAS Trade Levy (ETL)
Pre-Shipment/Destination Inspection (GOL’s share)

Putu Iron Ore Mining/ Mano River Iron Ore Company GoL

Arcelor Mittal Liberia Limited Company
6,000,000.00

BHP Billiton World Exploration Company GoL

AmLib United Minerals Company GoL

GoL
6,000,000.00

1,317.54 93,450.21

1,317.54 93,450.21 200,094.74 200,094.74 498,320.38 29,155.57 498,320.38 29,155.57 77,274.70 27,088.65 1,675.00 44.74 90.23 34,675.00 123.90 500.00 1,800.00 20.00 135.00 135.00 39,410.00 550.00 2,125.00 120.00 11,632.00 125.00 3,350.00 20.00 27,150.00 27,150.00 32,900.00 500.00 1,800.00 20.00 120.00 11,632.00 125.00 3,350.00 20.00 32,900.00 50.00 50.00 60.00 2,890.00 60.00 2,890.00 905.00 905.00 44.74 90.23 34,675.00 123.90 58.97 58.97

75,957.12 24,092.95

75,957.12 24,092.95

72.96 1,745.18

72.96 1,745.18

77,274.70 27,088.65 1,675.00

Customs Users Fee Administrative fees Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Driver License Resident Permit Fire certificate Work Permits Surveying Fees ID cards fees GOL Fines Personal Income withholding Non-Resident withholding Board Fees withholding Rent/Lease Professional Services Sector Specific Surface Rental Fine Precious Mineral License Exploration License Fees
Mineral Dev.t & Research Fund (pd to MLME only)

20,030.33

20,030.33

911.55 150.00

911.55 150.00 900.00

900.00 20.00

900.00 20.00

900.00

1,060.00

1,060.00

39,410.00 550.00

900.00

900.00

2,125.00

408.34

408.34 25.00 25.00 17,748.61 846,773.74 846,773.74 823,870.80 769,757.83 3,000.00 3,000.00 12,325.00 385,096.14 17,748.61 823,870.80 769,757.83 116,425.88 116,425.88

6,384.02 213,472.63 141,872.78

6,384.02 213,472.63 141,872.78

8,912.77 166,801.28

8,912.77 166,801.28

12,325.00 385,096.14

300,000.00 60.00 60.00

300,000.00

16,220.12

16,220.12

238,625.78

238,625.78

10,000.00 100,000.00 200.00 200.00 100,000.00 100.00

10,000.00

Export tax Chainsaw Lumber Fees - Pit Sawers (consolidated) Total

100.00 120.00 120.00 394,069.50

755,839.97 755,839.97

7,920,464.31

7,920,464.31

2,321,678.66

2,321,678.66

394,069.50

SUMMARY OF LEITI THIRD REPORT 9

Tax Name Common Taxes and Fees (as applicable)
Administrative fees Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) GIS Map(s) Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permit Fire certificate Work Permits Personal Income withholding Rent/Lease Sector Specific Surface Rental Exploration License Fees Dealer License Royalty Total

H-10 International Incorporated/LME Collaterate Company GoL

Golden Mass Trading Company
9,480.07

Texas International Group (TIG) Company GoL

Jamu Resources Incorporated Company
650.00 2,522.02 2,778.31 368.00 271.00

GoL
9,480.07

GoL
650.00 2,522.02 2,778.31 368.00 271.00 900.00

900.00 20.00 60.00 430.00 750.00 3,000.00 192.42

900.00 20.00 60.00 430.00 750.00 3,000.00 192.42

700.00 60.00 150.00 8.57 2,450.00

700.00 60.00 150.00 8.57 2,450.00

900.00 60.00 5,193.00 700.00 2,850.00 12,777.69

900.00 60.00 5,193.00 700.00 2,850.00 12,777.69

900.00

945.00 400.00

945.00 400.00

1,926.86 1,200.00 4,942.11 5,000.00

1,632.66 1,200.00 4,942.11 5,000.00

20,000.00 11,014.29 36,366.71

20,000.00 11,014.29 36,366.71

5,000.00 108,623.01 126,471.65

5,000.00 108,623.01 126,471.65

20,000.00 11,675.34 54,156.03

20,000.00 11,675.34 54,156.03 21,903.30 21,609.10

Tax Name Common Taxes and Fees (as applicable)
Import Levy GST (paid to government only) Business Registration Article if Incorporation Operational/Professional License Vehicle Registraton Resident Permits Fire Certificate Work Permit Surveying Fees GOL Fines Personal Income withholding Pre-shipment/Destination Inspection (GoL Share) Sector Specific Surface Rental Class (A, B, C) License Exploration License Fee Dealer License Royalty Total

N. E. S Incorporated Company GoL

Ascension Resources Corporation Company
16.07 36.80 900.00 60.00 850.00 400.00

Yuly Diam Company Incorporated Company GoL

Golden Vision Trading Company GoL

GoL
16.07 36.80 900.00 60.00 850.00 400.00

57.14

57.14

700.00 20.00 60.00

700.00 20.00 60.00

500.00 12.86 10.00 509.90

500.00 12.86 10.00 509.90

500.00 12.86 450.00

500.00 12.86 450.00

10,000.00

6,684.68 10,000.00 5,000.00

6,684.68 5,000.00 20,000.00 250,728.70 20,000.00 250,728.70 271,818.60 5,000.00 38,328.39 45,071.25 5,000.00 38,328.39 45,071.25

10,000.00

10,000.00

13,947.55

13,947.55

271,818.60

10 Liberia Extractive Industries Transparency Initiative

taxpayers That Did Not Submit Templates (Mining Sector)
Tax Name Common Taxes and Fees (as applicable)
Corporate Profits Tax/Turnover Tax ECOWAS Trade Levy (ETL) Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permit Sector Specific Surface Rental Class (A, B, C) License Dealer License Royalty Dealer Payments (consolidated) Brokers Payments (consolidated) Total 10,364.93 423.33 45,728.35 20,250.00 5,000.00 5,062.07 423.33 250.00 24,768.35 15,000.00 5,000.00 15,000.00 5,000.00 120.00 60.00 85.71 900.00

Contact International Clearing Agency (CICA) Company GoL
97.14

Comptoire de Diamant du Liberia Company GoL

Global Mineral Investment Company GoL

Fair View Mineral Incorporated Company GoL

Tax Name

Ocean Bottom Resources West Africa Incorporated GoL
900.00 60.00

J. D. C. Diamond Company GoL
1,232.79 900.00 20.00 60.00 90.00 250.00 1,000.00 20,000.00

Shine Star Business Corporation Company GoL
900.00 60.00

Explorex Liberia Company Company GoL

S. A. J. Minerals Company GoL
12.86 60.00

Common Taxes and Fees (as Company applicable)
Administrative Fees Business Registration Article of Incorporation Operational/Professional License Vehicle Registration Resident Permits Work Permits Sector Specific Dealer License Royalty Total

1,000.00 1,000.00 25,000.00 27,960.00 500.00 500.00 20,000.00 5,852.43 25,925.29

960.00

23,552.79

Tax Name Common Taxes and Fees (as applicable)
Business Registration Article of Incorporation Operational/Professional License Resident Permit GOL Fines Sector Specific Dealer License Royalty Total

BSG Resources Liberia Limited Company GoL
1,800.00 10.00 120.00

Belle Resources Limited Company GoL
57.14 60.00

Balaji Gems Export-Import Incorporated Company GoL

Five Talents Incorporated Company GoL
900.00 20.00 60.00

200.00 14.29 20,000.00 413.85 1,930.00 131.43 613.85 299.75 21,279.75 SUMMARY OF LEITI THIRD REPORT 11

Tax Name Common Taxes and Fees
(as applicable)

Australian Corporation Company GoL
240,750.00 25,628.48 36,525.84 4,849.55 75.00

G-10 Exploration Company GoL

Liberty Gold & Diamond Mining Company GoL

CIT Incorporated Company GoL
2,311.01 1,035.26 2,582.90 327.97

Corporate Profits Tax/Turnover Tax Import Levy Excise Tax GST (paid to government only) ECOWAS Trade Levy (ETL) Pre-Shipment/Destination Inspection (GoL’s sha) Administrative fees Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permit Work Permits GOL Fines GIS Map(s) Personal Income Withholding Rent/Lease Sector Specific Surface Rental Class (A, B, C) License Dearler License Exploration License Feess Royalty Brokers Payments (Consolidated) Total

900.00 60.00 6,706.00 1,950.00 7,000.00 6,365.58 49,200.79 2,700.00

900.00 60.00

900.00 60.00

900.00 20.00 60.00 720.00 400.00

10.00

2,952.00 89,652.65 49,421.08 5,000.00 10,000.00 5,000.00 125.00

382,711.24

100,612.65

58,343.08

13,482.14

Tax Name Common Taxes and Fees
(as applicable)

Subsea Resources DMCC Incorporated Company GoL

KBL Liberia Mining Company Company GoL
57.14 4,507.88 1,506.42 1,668.91

Noya Mining Company Limited Company GoL
900.00

Liberia Tailing Incorporated Company GoL
57.14

Business Registration Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permit Work Permits Personal Income withholding Sector Specific Dealer License Class (A, B, C) License Exploration License Fee Broker License Royalty Export Tax Total 12 Liberia Extractive Industries Transparency Initiative 100.00 474.33 374.33

20.00 60.00 783.00 1,150.00 7,000.00 906.45 20,000.00 10,000.00 25,000.00 3,000.00 1,078.59 27,639.80 26,258.59 25,267.14 60.00 100.00 100.00 1,000.00 150.00 60.00

Tax Name Common Taxes and Fees
(as applicable)

Silla Enterprises Incorporated Company GoL 85.71 120.00

M & G Infinity Incorporated Company GoL 900.00 60.00

RAFF Resources Incorporated Company GoL 57.14 60.00

Sinlib Mining Company Liberia Limited Company GoL 1,800.00 30.00 180.00 230.00 1,400.00

Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Rent/Lease Sector Specific Class (A, B, C) License Broker License Dearler License Royalty Total Tax Name Common Taxes and Fees
(as applicable)

5,000.00 1,500.00 20,000.00 830.31 1,705.71 Small Scale Miners Company GoL 26,790.31 Weajue Hill Mining Corporation Company GoL 2,094.79 3,617.37 900.00 60.00 1,910.43 1,750.00 10,000.00 200,511.37 200,511.37 20,332.59

10,000.00

10,000.00

10,117.14 Liberia Gold Refinery Corporation Company GoL

13,640.00 Liberia Mining Company Company GoL

ECOWAS Trade Levy (ETL) Customs User Fees Business Registration Operational/Professional License Vehicle Registraton Resident Permits Sector Specific Class (A, B, C) License Small Scale Miners Payments (consolidated) Total Tax Name Common Taxes and Fees
(as applicable)

57.14 60.00 500.00

117.14 Horizon Investment Incorporated Company GoL 22,408.09 8.16 7,259.33

500.00 Diasoma Minerials Incorporated Company GoL

Youssef Diamond Mining Company Company GoL

African Aura Resources Liberia Limited Company GoL

Import Levy Excise Tax GST (paid to government only) ECOWAS Trade Levy (ETL) Customs User Fees Business Registration Operational/Professional License Vehicle Registraton Resident Permits Work Permits GOL Fines Personal Income withholding Rent/Lease Sector Specific Surface Rental Dealer License Class (A, B, C) License Exploration License Feess Royalty Total 42,871.20 42,621.68 5,000.00 10,000.00 17,791.20 3,763.44 200.00 12,976.67 1,853.81 11,926.30 17,889.46 900.00 60.00 2,882.00 250.00

935.73

96.00 600.00 1,200.00 520.00 93.65

20,000.00

8,815.46 33,121.16 28,815.46 SUMMARY OF LEITI THIRD REPORT 13

Tax Name Common Taxes and Fees (as applicable)
Administrative fees Corporate Profits Tax/Turnover Tax Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permits Work Permits Personal Income withholding Rent/Lease Sector Specific Surface Rental Class (A, B, C) License Exploration License Fees Total

Explorex Overseas Limited Company GoL

Estmor Gold Mining Company Company GoL
7.14

KPO Resources Incorporated Company GoL

Hualee International Corporation Company GoL

406.29 1,338.01 2,740.90 374.41 900.00 10.00 60.00 760.00 250.00 1,800.00 1,910.82 731.95 240.00 8,401.59 10,000.00 20,451.59 3,549.91 10,000.00 5,000.00 21,987.87 430.00 10,000.00 18,041.56 750.00 430.00 1,250.00

Tax Name Common Taxes and Fees (as applicable)
Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Business Registration Article of Incorporation Operational/Professional License GOL Fines Sector Specific Royalty Class (A, B, C) License Total

Knights Group Incorporated Company GoL

International Mining Associate Incorporated Company GoL

Ducor Minerals Company GoL
142.50 67.98 1.00

Bopolu Commercial Limited Company GoL

57.14 7.14 60.00

57.14 60.00 14.29

602.25 125.00 609.39 242.14 211.48 131.43

Tax Name Common Taxes and Fees (as applicable)
Business Registration Operational/Professional License Sector Specific Class (A, B, C) License Dealer License Brokers Payments (consolidated) Total

GBF Investment Incorporated Company GoL
900.00

Louise T. Steele Company GoL

Precious Minerials Mining Company Company GoL
900.00 60.00

Fine Minerals International Limited Company GoL
900.00 60.00

5,000.00 5,000.00 125.00 5,900.00 5,125.00 960.00 960.00

14 Liberia Extractive Industries Transparency Initiative

FORESTRY SECTOR
Tax Kind Tarpeh Timber Universal Forestry Corporation Company
3,022.95 4,753.21 2,662.95 665.06 1,039.49

Bopolu Development Company GoL

Ecowood Incorporated/ Texas International Incorporated Company GoL

International Consultant Capital Company GoL

Common Taxes and Fees Company (as applicable)
Import Levy Excise Tax GST (paid to government only) ECOWAS Trade Levy (ETL) Customs User Fees Administrative Fees Business Registration Operational/Professional License Article of Incorporation Vehicle Registraton Resident Permits Work Permits GOL Fines Personal Income withholding Rent/Lease Sector Specific Surface Rental Contract Administration Fee Waybill Fee Rubber/Wood Products Export Fees Forest Product Fee (processed materials) Timber Export License Fees Log Export Fees Non Timber Forest Products Chain of Custody Management Fee (PSI) Total 1,650.00 1,666.11 379.33 100.00 49,700.00 50.00 259.12 64,855.30 2,000.00 8,436.45 500.00 114.29

GoL

GoL
3,022.95 4,753.21 2,662.95 665.06 1,039.49

57.14 60.00

57.14 60.00

57.14 60.00

57.14 60.00

900.00 60.00 10.00

900.00 60.00 10.00 3,628.00 500.00 1,000.00 225.00 174,208.78 1,081.96 174,208.78 1,081.96 10.00 10.00

770.00 1,000.00

770.00 1,000.00

3,628.00 500.00 1,000.00

2,391.67 1,491.10 500.00

5,994.79 1,123.06 240.00

5,994.79 1,105.10 240.00

225.00

3,483,175.50 100.00 1,650.00 1,666.11 379.33 100.00 49,700.00 50.00 259.12 58,187.33 73,955.84 73,937.88 117.14 117.14 7,323.00 7,323.00 3,659,476.24 18,272.20 34,000.00 18,272.20 34,000.00 194.99 194.99 100.00 1,000.00 1,000.00 1,000.00

3,483,175.50 1,000.00

3,659,476.24

SUMMARY OF LEITI THIRD REPORT 15

Tax Kind Common Taxes and Fees (as applicable)
Business Registration Operational/Professional License Vehicle Registraton Resident Permits Fire Certificate Work Permits GOL Fines Personal Income withholding Rent/Lease Sector Specific Surface Rental Block Inspection Fees Contract Administration Fee Waybill Fee
Rubber/Wood Products Export Fees

Bassa Timber & Logging Company Company
57.14 60.00 100.00

Euro Liberia Logging Company Company
900.00 60.00 1,095.00 450.00 40.00 1,350.00

E. J & J Investment Corporation Company
57.14 60.00 230.00

Mandra LTTC Incorporated Company
900.00 60.00 1,810.00 1,000.00

GoL
57.14 60.00 100.00

GoL
900.00 60.00 1,095.00 450.00 40.00 1,350.00

GoL
57.14 60.00 230.00

GoL
900.00 60.00 1,810.00 1,000.00

214.29 615.43 120.00

214.29 615.43 120.00 23,235.59 221.59 700.000.00 1,000.00 23,235.59 221.59 700.000.00 1,000.00

10,847.52 6,859.07 200.00 289,745.72 1,000.00 6,000.00 50,666.22 634,175.00 634,175.00 143,155.00 55,933.84 200.00 31,853.49 1,145.98 1,145.98 41,078.99

10,847.52 6,859.07 200.00 289,745.72 1,000.00 6,000.00 50,666.22 143,155.00 55,933.84 200.00 31,853.49 41,078.99 637,886.99 3,770.00 3,770.00

Area Fee Stumpage Fee Timber Export License Fees Log Export Fees Non Timber Forest Products
Chain of Custody Management Fee (PSI)

Total

1,166.86

1,166.86

1,363,673.16

1,363,673.16

637,886.99

Tax Kind
Common Taxes and Fees (as applicable)

Geblo Logging Company 813.24 1,219.93 1,000.00 57.14 10.00 60.00 755.00 GoL 813.24 1,219.93 1,000.00 57.14 10.00 60.00 755.00

Alpha Logging and Wood Processing Incorporated Company 1,317.00 1,975.50 GoL 1,317.00 1,975.50

Atlantic Resources Limited Company GoL

Malavasi Logging Company Company GoL

ECOWAS Trade Levy (ETL) Customs Users Fee Administrative fees Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permit Work Permits GOL Fines Personal Income withholding Rent/Lease Professional Services
Sector Specific

230.00 100.00

230.00 100.00

230.00 100.00 450.00

230.00 100.00 450.00 3,859.53 529.05

91,186.92 3,658.89 60.00 1,741,923.00 61.40

91,186.92 3,658.89 60.00 1,741,923.00 61.40 1,000.00 1,000.00 298,100.00 1,198,362.00 1,000.00 298,100.00 1,198,362.00 1,502,174.18 1,361,521.60 1,361,521.60 5,168.58 5,168.58 298,360.00 298,360.00 1,000.00 1,062,161.60 1,062,161.60 489.68 600.00 489.68 600.00 3,859.53 529.05

Surface Rental Land Resource Tax Block Inspection Fees Contract Administration Fee Area Fee Bid Premium Total

1,840,805.52

1,840,805.52

1,502,174.18

16 Liberia Extractive Industries Transparency Initiative

Tax Kind Common Taxes and Fees (as applicable)
Import Levy Excise Tax GST (paid to government only) ECOWAS Trade Levy (ETL) Customs Users Fee Business Registration Operational/Professional License Vehicle Registraton Resident Permit GOL Fines Personal Income withholding Sector Specific Surface Rental Block Inspection Fees Contract Administration Fee Waybill Fee Area Fee Bid Premium Non Timber Forest Products Total

Mandra Forestry Liberia Limited Company GoL

Bargor & Bargor Enterprise Incorporated Company
2,789.61 295.87 2,040.57 258.87

The Liberia Tree and Trading Company Incorporated Company
13,364.97 1,829.16 7,261.23 38,841.21 57,003.33

B & V Timber Company Company GoL

GoL
2,789.61 295.87 2,040.57 258.07

GoL
13,344.24 1,829.16 7,230.46 38,837.06 57,003.33 57.14 60.00

900.00 60.00 1,810.00 1000.00

900.00 60.00 1,810.00 1000.00

57.14 60.00

57.14 60.00

57.14 60.00

500.00 840.00

500.00 840.00 3,099.69 3,299.69

9,550.00

9,550.00

569,934.40 1000.00

569,934.40 1000.00

110,537.50

110,537.50

1000.00 600.00 6,250.00

1000.00 600.00 6,250.00 148,415.00 45.00 550.00 550.00 841,560.48 148,415.00

1,000.00 1,200.00

1,000.00 1,200.00

250.00 112,987.50

250.00 112,987.50

3,770.00

3,770.00

24,242.06

24,241.26

841,371.13

taxpayers That Did Not Submit Templates (forestry Sector)
Tax Kind Common Taxes and Fees (as applicable)
Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Customs Users Fee Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permit Work Permits Personal Income withholding Rent/Lease Sector Specific Chainsaw Lumber Fees - Pit Sawers (consolidated) Total 74,811.39 970.00 603,904.35 603,904.35 SUMMARY OF LEITI THIRD REPORT 17 60.00 13,442.00 1,200.00 1,450.00 7,132.57 17,652.09

Eco Timber Company GoL
18,904.17 9,524.80 2,113.65 2,432.11 900.00

Akewa Group of Companies Company GoL

Pit Sawers (Consolidated) Company GoL

900.00 10.00 60.00

AGRICULTURE SECTOR
Tax Name Common Taxes and Fees (as applicable)
Contributions via GOL to University Depts (UL etc.) Contributions to Community (paid to government only) Corporate Profits Tax/Turnover Tax Import Levy Excise Tax GST (paid to government only) ECOWAS Trade Levy (ETL) Customs Users Fee Business Registration Operational/Professional License Vehicle Registraton Driver License Resident Permit Fire certificate Work Permits GOL Fines Personal Income withholding Non-Resident withholding Rent/Lease Professional Services Sector Specific Surface Rental Export Collections Rubber Sale tax Contract Administration Fee Chainsaw Lumber Fees - Pit Sawers (consolidated) Total 69,457.68 69,457.68 4,450.00 4,450.00 237,980.00 200.00 942,542.61 375.00 6,156.14 7,635,429.79 237,980.00 200.00 942,542.61 375.00 6,156.14 7,635,429.79 70,510.96 70,510.96 1,503,435.11 1,502,568.05 100.00 100.00 54,079.67 54,079.67 1,990.14 200.00 65,942.92 1,325.00 1,990.14 200.00 65,942.92 1,325.00 17,000.00 17,000.00 13,047.59 183,999.39 13,047.59 183,999.39 860.00 5,120.00 860.00 5,120.00 1,000.00 22,603.46 10,494.89 1,000.00 22,603.46 10,494.89 3,810,273.97 3,810,273.97 9,391.29 9,391.29 468,105.25 234,239.65 1,360.56 79,071.79 468,105.25 234,239.65 1,360.56 78,856.29 4,050.00 748.57 20,200.00 4,050.00 748.57 20,200.00 57.14 60.00 3,578.00 57.14 60.00 3,578.00 10,214.19 10,214.19

Morris American Rubber Company Company GoL

Firestone Liberia Incorporated Company
50,000.00 55,000.00 1,990.621.43 10,682.14 39,095.00 899.05 73,797.48 88,557.42 900.00 60.00 106,244.00

Libinc Oil Palm Incorporated Company GoL

Liberian Agriculture Company Company GoL

GoL
50,000.00 55,000.00 1,990.621.43 10,682.14 39,095.00 899.05 73,797.48 88,557.42 900.00 60.00 106,244.00

538,310.16 8,014.55

538,310.16 7,781.11

10,674.46 1,407.58 65,869.05 900.00 60.00 900.00 60.00 1,350.00 120.00 24,694.00 25.00 400.00 335.00

10,328.03 1,360.89 65,869.05 1,350.00 120.00 24,694.00

400.00 335.00

18 Liberia Extractive Industries Transparency Initiative

Tax Name Common Taxes and Fees (as applicable)
Corporate Profits Tax/Turnover Tax Import Levy Excise Tax GST (paid to government only) ECOWAS Trade Levy (ETL) Customs Users Fee Administrative fees Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Resident Permit Work Permits GOL Fines Personal Income withholding Rent/Lease Professional Services Sector Specific Surface Rental Export Tax Export Collections Rubber Sales Tax Block Inspection Fees Contract Administration Fee Stumpage Fee Timber Export License Fees Log Export Fees Chain of Custody Management Fee (PSI) Total

Cavalla Rubber Corporation Company
263,214.18 142,252.11 2,675.15 78,659.72 19,429.25 7,630.71

Liberia Forest Products Incorporated Company GoL

Equatorial Palm Oil Company GoL

Buchanan Renewables Fuel Incorporated Company
47,015.73 33,823.07

GoL
263,214.18 142,252.11 2,675.15 78,659.72 19,429.25 7,630.71

GoL
47,015.73 33,823.07

21,642.29 14,478.67 15,052.82 100.00 1,800.00 1,800.00 900.00 900.00 900.00

21,642.29 14,478.67 15,052.82 100.00 900.00

60.00 350.00 225.00 350.00 225.00

60.00

60.00 440.00

60.00 440.00

60.00 760.00

60.00 760.00

2,000.00 58,083.90 407,506.16 19,341.32 33,544.36 58,083.90 407,506.16 19,341.32 33,544.36 9,785.67 3,539.00 6,510.00 9,785.67 3,539.00 6,510.00 11,476.25 23,275.00 14,960.00

2,000.00 6,793.40 11,476.25 23,275.00 14,960.00 158,727.67 6,793.40 158,727.67

35,936.00 30,989.91 11,088.28 56,923.62 889.36 30,989.91 11,088.28 56,923.62 889.36 100.00

35,936.00

100.00 3,423.00 100.00 6,421.16 7,707.00 3,423.00 100.00 6,421.16 7,707.00

1,133,763.03

1,133,763.03

57,730.67

57,730.67

53,111.25

53,111.25

317,004.81 317,004.81

SUMMARY OF LEITI THIRD REPORT 19

Tax Name Common Taxes and Fees (as applicable)
Corporate Profits Tax/Turnover Tax Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Customs Users Fee Business Registration Operational/Professional License Vehicle Registraton Resident Permit Fire certificate Work Permits GOL Fines Personal Income withholding Rent/Lease Professional Services Sector Specific Surface Rental Land Resource Tax Rubber Sale tax Contract Administration Fee Block Inspection Fees Rubber/Wood Products Export Fees Total

The Liberia Company (LIBCO-COCOPA) Company GoL

Sima Darby Company
1,384.38 442.04 55,907.06 83,692.81

Novel Liberia Incorporated GoL
1,384.38 442.04 55,907.06 83,692.81 900.00 60.00 6,495.00 3,850.00 5,000.00 75,338.66 70,742.71 730.19 40,000.00 310.00 150.00 13,325.49 2,950.50 13,325.49 2,950.50 900.00 60.00 230.00 150.00 900.00 900.00 60.00 230.00 150.00 900.00

Salala Rubber Company (SRC) Company
59,805.07 5.00

Company

GoL

GoL
59,805.07 5.00

37,103.77 900.00 60.00 18,990.00 750.00 4,000.00 313,281.68 1,050.00

37,103.77 900.00 60.00 18,990.00 750.00 4,000.00 313,281.68 1,050.00

900.00 60.00 2,861.00

900.00 60.00 2,861.00

900.00 60.00 6,495.00 3,850.00 5,000.00 75,338.66

99,951.04 63.24 1,500.00

99,951.04 63.24 1,500.00

70,742.71 730.19 40,000.00 310.00 150.00

1,200.00

1,200.00

200.00 351,627.54 105,335.28 105,335.28 345,002.85 345,002.85 18,515.99 18,515.99 788,973.06

200.00 351,627.54 788,973.06

taxpayers That Did Not Submit Templates (Agriculture Sector)
Tax Name Common Taxes and Fees (as applicable)
Corporate Profits Tax/Turnover Tax Import Levy Excise Tax GST (paid to government only) ECOWAS Trade Levy (ETL) Customs Users Fee Business Registration Operational/Professional License Vehicle Registraton Resident Permit Fire certificate GOL Fines Personal Income withholding Rent/Lease Contract Administration Fee Total 20 Liberia Extractive Industries Transparency Initiative 93,498.50 1,605.99 15,602.50 690.00 250.00 2,015.11 70.83 1,272.04 27,939.81 44,052.22 900.00 60.00 7,395.00 2,200.00 35.00 4,766.31 32,628.54 34,131.72 160.00 108,955.97 3,965.55 476.61

ADA/LAP Company GoL

The Lee group of Companies Company GoL
18,156.60 4,080.64

OIL SECTOR
Tax Kind Common Taxes and Fees (as applicable)
Contributions via GOL to University Depts (UL etc.) Contributions to Community (paid to government only) Import Levy GST (paid to government only) ECOWAS Trade Levy (ETL) Business Registration Operational/Professional License Vehicle Registraton Dividends to GOL Personal Income Withholding Rent/Lease Sector Specific Surface Rental Exploration License Fees Oil License Fees Social Welfare Contribution Annual Training Hydrocarbon Development Fund Total 300,000.00 200,000.00 375,000.00 1,414,072.00 300,000.00 200,000.00 375,000.00 1,414,072.00 100,000.00 150,000.00 125,000.00 500,000.00 1,071,038.86 100,000.00 150,000.00 125,000.00 500,000.00 1,071,038.86 199,944.00 300,000.00 860,790.81 199,944.00 300,000.00 860,790.81 2,268,746.57 2,268,746.57 322,735.70 322,735.70 93,610.00 93,610.00 245,921.81 15,000.00 245,921.81 15,000.00 1,450,400.59 1,450,400.59 2,428.86 2,428.86 900.00 60.00 900.00 60.00 2,812.00 250,000.00 201,531.34 5,776.50 2,812.00 250,000.00 201,531.34 5,776.50

Regal Liberia Limited/ European Hydrocarbons Limited - African Petroleum Corporation Company
216,336.30

Oranto Petroleum Liberia Limited Company
100,000.00

Broadway Consolidated Plc

National Oil Company of Liberia Company GoL

GoL
216,336.30

GoL
100,000.00

Company
98,965.00

GoL
98,965.00

350,000.00 3,833.24 3,881.80 511.10

350,000.00 3,833.24 3,881.80 511.10

Tax Kind Common Taxes and Fees (as applicable)
Contributions via GOL to University Depts (UL etc.) Business Registration Article of Incorporation Operational/Professional License Vehicle Registraton Non-Resident Withholding Rent/Lease Professional Services Sector Specific Surface Rental Oil License Fees Social Welfare Contribution Annual Training Hydrocarbon Development Fund Rural Energy Fund Total

Anadarko Liberia Company/Woodside West Africa Pty. Limited/Respol/Anadarko Liberia Block 10 Company
375,000.00 1,800.00 560.00 60.00 32,761.28 1,794.44 1,058.59 724,100.00 700,000.00 550,000.00 625,000.00 200,000.00 3,212,134.31

International Resources Strategies Energy Liberia Incorporated Company GoL

GoL
375,000.00 1,800.00 560.00 60.00

100.00 32,761.28 1,794.44 1,058.59 724,100.00 700,000.00 550,000.00 625,000.00 200,000.00 3,212,134.31 209,259.27 209,159.27 75,000.00 50,000.00 75,000.00 50,000.00 34,159.27 50,000.00 34,159.27 50,000.00

SUMMARY OF LEITI THIRD REPORT 21

LIST OF COMPANIES THAT SUBMITTED REPORT
MINING SECTOR 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. AmLib United Minerals INC ArcelorMittal Liberia BHP Billiton World Exploration Hummingbird Resources Liberia Inc. Bea Mountain Mining Corporation Konblo Bumi Incorporated Golden Mass Trading Treco Mining Company West Africa Gold and Diamond Incorporated Golden Vision Trading Pedra Corporation (Pedra Mining Company) H-10 International Incorporated/LME Collaterate Star Diamond Company Jamu Resources Incorporated Ascension Resources Corporation Global Mining Incorporated (GMI) N. E. S Incorporated Massa Investment Corporation Larwuo-Wolu Incorporated Putu/Mano River Alex Steward Assayers Ltd. Bukon Jedeh Resources Inc. Afro Minerals Inc. Deveton Mining Company Sinoe Exploration Ltd China Union Mining Corporation Limited Texas International Group Vision Inc Royal Company ADMT Company Yuly Diamond Company Inc. 4. 5. 6. 7. 8. 9. 10. 11. 12. Cavalla Rubber Company (CRC) The Liberia Company (LIBCO - COCOPA) NOVEL Liberia Inc Equatorial Palm Oil LIBINIC Oil Palm Inc Sime Darby Buchanan Renewables Fuel Incorporated Morris American Rubber Company Liberia Forest Products Incorporated

OIL SECTOR 1. 2. 3. 4. 5. 6. Anadarko Liberia Company/Woodside West Africa Pty. limited/ Respol/Anadarko Liberia Block 10 ORANTO Petroleum Liberia Limited International Resource Strategy Liberia Energy (IRSLE) Broadway Consolidated PLC National Oil Company of Liberia Regal Liberia Limited/European Hydrocarbons Limited - African Petroleum Corporation

FORESTRY SECTOR 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. Tarpeh Timber Corporation B & V Timber Bargo & Bargo Enterprise Inc Alpha Logging & Wood Processing Inc EJ & J Corporation Liberia Tree & Trading Corporation (LTTC) Euro Logging Company Geblo Logging Industry Inc Bopolu Development Corporation Universal Forestry Corporation Malavasi Logging Company Atlantic Resource Ltd International Consultant Capital Ecowood Incorporated/Texas International Incorporated Mandra LTTC Incorporated Mandra Forestry Liberia Limited Bassa Timber & Logging Company

AGRICULTURE SECTOR 1. 2. 3. Salala Rubber Company (SRC) Firestone Liberia Liberia Agriculture Company (LAC)

LIST OF COMPANIES THAT did not SUBMITTED REPORT
MINING SECTOR 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. Australian Exploration G-10 Exploration Incorporated Liberty Gold and Diamond Mining Global Minerals Investment Youssef Diamond Mining Company African Aura Resources Liberia Limited Horizon Investment Incorporated Diasoma Mineral Incorporated Shine Star Business Corporation KBL Liberia Mining Company M & G Infinity Incorporated Noya mining Company Limited S. A. J Minerals Liberia Tailing Incorporated J. D. C Diamond Estmor Gold mining Company Five talents Incorporated Explorex Overseas Limited Weajue Hill Mining Corporation Fair View Mineral Incorporated Hualee International Corporation Sinlib Mining Company Liberia Limited CIT Incorporated Contact International Clearing Agency (CICA) RAFF Resources Incorporated GBF Investments Incorporated Louise T. Steele BSG Resources Liberia Limited Silla Enterprises Incorporated 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. Incorporated Precious Mineral Mining Company Fine Minerals Inter Limited Balaji Gems export-Import Incorporated Knights Group Incorporated Liberia Mining Company Explorex Liberia Company Subsea resources DMCC Incorporated KPO Resources Incorporated Comptoire de Diamant du Liberia International Mining Associate Incorporated Ducor Minerals Belle Resources Limited Bopolu Commercial Limited Liberia Gold Refinery Corporation

AGRICULTURE SECTOR 1. 2. The Lee Group of Companies ADA/LAP

FORESTRY SECTOR 1. 2. OTHERS 1. 2. Pit Sawers-Forestry Sector Small Scale Miners-Mining Sectors Eco Timber Akewa Group of Companies

22 Liberia Extractive Industries Transparency Initiative

The LEITI Secretariat Staff
Samson S. Tokpah Head of Secretariat sstokpah@leiti.org.lr Konah D. Karmo Deputy Head of Secretariat kdkarmo@leiti.org.lr Hnede L. Berrian Administrative Manager hlberrian@leiti.org.lr

SUMMARY OF LEITI THIRD REPORT 23

Published by the LEITI Secretariat Old Budget Bureau Building Redemption Road, Capitol Hill Adjacent Executive Mansion Monrovia, Liberia P. O. Box 4074 1000 Monrovia 10, Liberia Email: info@leiti.org.lr Website: www.leiti.org.lr Telephone: +231 020 200 2356
24 Liberia Extractive Industries Transparency Initiative

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