The_Open_Door_deel1

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a concession for gold, diamonds, and associated precious
minerals for areas in Grand Cape Mount and Grand Gedeh
Counties after the revocation of the concession agreement
with the company of Detwiler.
3. The African Diamond, Gold and Uranium Exchange Ltd.:
applied for a concession to mine gold, diamonds and
uranium within a 500 square miles area in Lofa and Grand
Cape Mount Counties.
4. The Liberia Colorado Mining Company: applied for a mining
concession within an area of 128,000 acres in Montserrado
and Lofa Counties.
5. The Carbon Mining Company: applied for a mining concession
for gold and diamonds within a 126,400 acres area in Lofa
and Grand Cape Mount Counties.
6. The Western Enterprises, Inc.: applied for a concession
to explore for uranium and associated minerals in an
area of 25,000 square miles, more than 50? of the
country. The Western Enterprises Inc. is a subsidiary
of Coastal States Oil of Houston, Texas (73).
It is to be expected that the search for oil, uranium and gold
will be intensified in the immediate future. In the past
decades, several companies have already undertaken exploration
activities in the hope of striking oil but the results were
disappointing (74). The higher the price of oil the more
feverishly companies will search for this indispensable source
of energy, and the greater the interest in uranium will become,
as an alternative for the costly oil. Simultaneously, a
continuation of the deteriorating international monetary
situation - affected by the rising price of oil - will result
in a strong demand for gold and an increase in its price which
will render its production more profitable.