ArcelorMittal launches iron ore production in Liberia

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