(Buchanan)− ArcelorMittal Liberia (AML) continues to make good progress with the study to produce and export 30 million tons per annum (mtpa) of concentrate from its Liberian operations. As part of this study, drilling and testwork commenced in 2021. To date 11,150 metres of the 22,700 metres planned have been completed.
AML is also ensuring that the mine, rail, port, material handling and other facilities are being designed and constructed in a manner that enables the next expansion phase for 30 mtpa capacity.
Stefan Buys, CEO ArcelorMittal Mining said: “ArcelorMittal would like to reiterate its commitment to maintaining and strengthening its strategic partnership with the people of Liberia by creating much needed jobs, supporting community development and contributing to the economic growth of Liberia. We also look forward to the ratification of the Third Amendment of the MDA by the Liberian Legislature. ArcelorMittal plans to increase its mineral production in Liberia and expand the infrastructure that is vital to the country, the company and other partners in Liberia’s continued development”.
ArcelorMittal Liberia was the first company to invest in the new Liberia in 2005 and has consistently been a vital component of the country’s’ economy when it restarted the iron ore mining sector after rehabilitating the mine, township, rail and port infrastructure. It continued its commitment to the people of Liberia in 2015 when all other iron mining activities ceased in West Africa with the twin crises caused by Ebola and a crash in commodity pricing.
ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of $76.6 billion and crude steel production of 69.1 million metric tonnes, while iron ore production reached 50.9 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/
Contact information for Liberia:
Winston P. Daryoue
ArcelorMittal Liberia Corporate Communications
Phone: +231 770 163 252