Liberia has announced a major leadership change in its mining sector, replacing its mines minister and top regulator as the government pursues deeper investment talks with the United States.

President Joseph Boakai’s office confirmed that R. Matenokay Tingban will take over as the new Liberia mines minister. Tingban previously served as deputy minister under former President Ellen Johnson Sirleaf.

According to a statement issued on Monday, the appointment aims to enhance governance, transparency, and efficiency in the country’s resource management. While no specific reasons were given, the move is seen as part of Boakai’s broader reforms to strengthen key economic institutions.

A follow-up statement on Tuesday also announced a new head for the state mining regulator, signaling a wider restructuring within the sector.

The leadership changes come at a crucial time as Liberia seeks to attract major U.S. and global investments into its critical minerals industry. Recent geological surveys revealed promising deposits of lithium, cobalt, manganese, and rare earth elements — minerals vital for renewable energy and electric vehicle production.

Tingban will oversee the ministry’s operations under Boakai’s ARREST Agenda, a five-year national development plan designed to boost investor confidence, create jobs, and modernize Liberia’s mining industry.

In addition, the president appointed new deputies for the mines and education ministries, some of whom will require Senate confirmation before assuming office.

Liberia’s economy still relies heavily on iron ore, its leading export. ArcelorMittal remains the country’s largest mining and rail operator, while gold production continues to grow as a significant foreign exchange source. Other major players in the sector include Ivanhoe, Bea Mountain (Avesoro), MNG Gold, and Hummingbird Resources.

With new leadership in place, Liberia hopes to position its mining industry as a driver of sustainable growth and a magnet for responsible foreign investment.