ArcelorMittal launches iron ore production in Liberia

Tuesday, 27 September 2011 16:41:33 (GMT+3)   |  
       

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

Similar articles

Daily iron ore prices CFR China - March 29, 2024

29 Mar | Scrap & Raw Materials

Major steel and raw material futures prices in China - March 29, 2024

29 Mar | Longs and Billet

Iron ore prices drop by over $9/mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet