ArcelorMittal Liberia Plans Restart of Phase 2 Expansion Project
Liberian Senate President Pro Tempore Mr Albert Tugbe Chie, a geologist, visited to the ArcelorMittal Liberia’s mining operations in Tokadeh in Nimba County and inspected ongoing preparatory work for the resumption of construction of a concentrator and other state of the art mining infrastructures. Mr Albert Chie expressed optimism about the transformational impact that the ArcelorMittal Liberia expansion project will have on the country’s economy and the many benefits to be accrued in jobs, revenue generation, and other critical areas and pledged to work with other legislators to support the AML expansion project and plan for the future. He said “Government sees this as a ground breaking investment that will provide many jobs and training for Liberians to take up major technical and professional roles within the company.”
ArcelorMittal Liberia’s Acting Chief Executive Officer Mr Johannes Heystek emphasized AML’s readiness to accelerate on going progress on the expansion project and assured of the company’s commitment to increasing investment in Liberia as a strategic partner to the country. He said ArcelorMittal Liberia is excited by the visit of the President Pro Tempore and expressed the hope that as someone with a rich mining and geological expertise, he would be an ambassador for the expansion project.
ArcelorMittal Liberia plans to restart the expansion of its iron-ore operations in Liberia this year. The Phase 2 project was brought to a halt when on-site contracting companies pulled out with the onset of the Ebola crisis in West Africa in 2014. ArcelorMittal recently completed a revised feasibility study for the modular build of a 15 million tonne concentrator, with aligned mine, concentrator, rail and port capacity. About USD 800 million would be required to complete the brownfield project. First concentrate is expected in the fourth quarter of 2023.
ArcelorMittal Liberia has been operating a five-million-tonne direct shipping ore project since 2011 and started an expansion to 15-million tonnes a year in 2013.