Expression of Interest for Consultancy for Mineral Valuation Expertise to Conduct Training for the Natural Resource Tax Section Liberia Revenue Authority LRA

Consultancy For Mineral Valuation Expertise To Conduct Training For The Natural Resource Tax Section Liberia Revenue Authority LraIntegrated Public Financial Management Reform Project IiThe Major Mineral Commodities Produced In Liberia Are Iron Ore Gold And Diamond Mining Concessions Cover An Operational Area Of 113 256 Ha Ministry Of Finance Report 2017 Besides The Production Of Iron Ore Gold And Diamond Liberia Remains Largely Unexplored And Has Shown Other Minerals Such As Beryl Tin Columbite Tantalite Phosphates Zinc Copper Lead Rare Earth Minerals Nickel Molybdenum Beach Sand Zircon Rutile Ilmenite And Monazite Bauxite Kyanite Chromite Uranium And Silica Sands All Are Characteristically Associated With Precambrian Proterozoic Rocks Which Underlie Most Of The Country However Despite These Potentials The Efficacy Of Mineral Valuation By The Government Of Liberia Has Been Elusive And Has Led To Massive Leakages In The Country S Ability To Mobilize Revenue From The Mining Sector Especially The Alluvial Or Small Scale Sector Sensible Valuation Of Mineral Properties Has Become More Critical In In Recent Years Valuation Of Mineral Properties At The Production Stage Is An Area Where Both Valuators And Users Of Valuations Like The Lra Need To Understand The Challenges And Uncertainties Involved The Government Of Liberia Received Financing From The African Development Bank Afdb Through The Integrated Public Financial Management Reforms Project Ipfmrp Ii And Intends To Apply Part Of The Proceeds To Hire The Services Of An Individual Consultant To Build The Capacity Of The Natural Resources Tax Unit Of The Liberia Revenue Authority In The Area Of Mineral Valuation2 Objective Of The AssignmentThe General Objective Of This Assignment Is To Hire An Individual Consultant To Build The Capacity Of The Natural Resource Tax Section To Administer Natural Resource Taxes The Specific Objective Are As Follows I To Train And Build The Skills Of Staff Of The Natural Resource Tax Section In Basic Concepts And Methods Of Mineral Valuation This Training Should Introduce Concepts And Methods That Will Allow Participants To Understand Mining Economics And Valuation Techniques Ii To Equip Participants With Advanced Skills Regarding The Valuation And Reporting Of A Range Of Mineral Assets Iii To Provide An Overview Of The Liberian Mining Industry Particularly The Artisanal Small Scale Mining Sector Iv To Introduce Participants To The Different Types Of Mineral Assets And Their Characteristics V To Equip Staff With Skills To Understand And Apply The Legislative Framework Relevant For Mineral Asset Valuation And Reporting In Liberia Where Applicable Vi To Assist The Staff To Determine The Market Value Of Various Types Of Mineral Assets Using Appropriate Valuation Approaches Methods And Techniques Vii To Interpret And Apply International Valuation Standards And International Financial Reporting Standards To Mineral Asset Valuation And Reporting And Viii To Improve Knowledge And Develop Skills In The Development Of A Fiscal Regime For The Taxation Of The Informal Mining Sector 3 Scope Of The Services To Be Performed The Assignment Entails Performing The Following Tasks I Work With The Natural Resource Tax Section Nrts To Strengthen Its Capacity In Understanding The Informal Sector Ii Build The Capacity Of The Nrts In Basic Contemporary Concepts And Methods Of Mineral Valuation Using Statistical Methods Or Any Other Applicable Means Iii Develop Course Outline And Contents That Would Lead To Successful Delivery Of The Knowledge Improvement And Skills Development Within The Natural Resource Tax Section In The Area Of Mineral Valuation And Other Related Topics Iv Supervise A Practical Session On Mineral Valuation On Some Aspects Of The Training Course To Be Determined By The Consultant In Collaboration With The Lra V Prepare Powerpoint Presentations Training Manual And Necessary Handouts Covering For The Training Program On The Basis Of The Courses Topics Outlined In Annex I Of The Tor Vi Prepare And Submit The Training Updates With Photographs Of The Participants And The Training Activities Attended Vii Submit The Final Training Documents Training Manual And Training Materials Such As But Not Limited To Power Point Presentations And Group And Individual Work Exercise Viii Copyrights On All Training Manual And Materials Shall Be The Property Of Lra

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