Global steel giant
Luxembourg-based
ArcelorMittal has announced that it has launched commercial
iron ore production from its
mining operations in
Liberia, marking an important milestone in the recovery of
Liberia's economy.
ArcelorMittal first entered the Liberian market in 2005.
According to the company statement,
ArcelorMittal is seeking to create a sustainable operation that can ultimately be run by Liberian nationals. To this end,
ArcelorMittal has invested $800 million so far in repairing roads and infrastructure. By 2012,
ArcelorMittal aims to ship four million mt of
iron ore from
Liberia each year. A first test shipment successfully took place last week