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The Government of the Republic of Liberia and ArcelorMittal ('the Company'), the world's leading steel company, today signed an amendment to the Mineral Development Agreement ('MDA') which paves the way for the expansion of the Company's mining and logistics operations in Liberia.
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The mineral industry, in particular iron ore, has long played a crucial role in the nation's economic development. From the early 1960s until the civil crisis of the 1990s the iron ore mining sector contributed more than 20 per cent of the gross national product and employed more than 50,000 people, or approximately 15 per cent of the country's …
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Ivanhoe Liberia Limited (formerly called Euronimba Liberia Limited and set up in May 2012) was created to study, rehabilitate, expand or build from the ground up the rail and port facilities to transport the iron ore to be mined in the Guinean Nimba Mountains to a deep-water port on the Liberian coast, in or near Buchanan.
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Ivanhoe Liberia Limited (Ivanhoe Liberia), formerly Euronimba Liberia Limited, was created to study, rehabilitate, expand or build from the ground up the rail and port facilities to transport the iron ore to be mined in the Guinean Nimba Mountains to a deep-water port on the Liberian coast, in or near Buchanan.
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Mineral royalties from iron ore surged from about US$0.65 million in 2011 to more than US$6 million in December 2012. He intimated that the Government of Liberia has resolved to assist and support iron ore mining concessions in meeting their production and export targets.
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On June 8, 2022, Western Cluster Liberia (WCL) broke grounds to begin iron ore mining in Bomi Hill, Bomi County. The project is a 25-year Mineral Development Agreement (MDA) signed between the Government of Liberia and the company in 2011.
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Liberia has large resources of itabirite-type iron ores, most of which are located in the Liberian terrane, and was the largest producer in Africa prior to the onset of civil war in 1989. Production of iron ore is currently restricted to a single mine, Yekepa, in the Nimba Range.
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2.37 billion tons graded at 34.1% iron STATUS Exploration PRE-FEASIBILITY STUDY Mid-2012 CONSTRUCTION SCHEDULED 2017 Putu Iron Ore Project, Liberia Putu iron ore project is part of a 425 square kilometre exploration tenement located in south-east Liberia. The mine includes a 12km ridge of banded iron formation which consists of haematite …
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The project involves mining and shipping high-grade iron ore, with a concentrate plant to be set up at the Bomi mine to produce over 65% Fe iron ore concentrate. The project also aims to contribute to the socio-economic development of Liberia, creating jobs, improving infrastructure, and supporting local communities.
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Overview. Liberia has rich mineral deposits, including iron ore, gold, and diamonds. Historically, mineral extraction has been a leading export and a key contributor to the gross domestic product. Minerals are generally exported in raw or semi-finished forms. Iron ore and gold are mined on an industrial scale while diamond deposits, which are ...
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A 25-year iron ore trans-shipment deal was signed between Sable Mining and the Government of Liberia to transport the iron ore through Liberia. Image courtesy of the Ministry of Information, Liberia. Iron ore from the Nimba mine will be shipped from the Port of Buchanan.
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Liberia Boakai administration brokers iron ore deal between Solway and Arcelor. The Swiss mining and metals group is ready to pull out of Liberia by accepting a deal over its iron ore deposit there, which was reallocated to ArcelorMittal. The transfer occurred during George Weah's presidency and exposed his successor to potentially …
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Sarmin Metals Ltd (SML) is pleased to report conclusion of a shareholder agreement with West26 Pte Ltd, a Singapore-registered mining company, to develop through its wholly owned subsidiaries Westcrest Liberia Ltd and Ironfields Liberia Ltd, two large and high-grade iron ore deposits in Nimba South and Gibi Mountain in the …
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MONROVIA: As normal live continues in towns and villages around iron ore rich mountains, the Phase II Expansion Project of ArcelorMittal Liberia (AML) seen as a signature project at current unfolds, bringing to light a testament to a partnership rooted in contribution and shared impact in the face of rhythmic hum of progress that echoes […]
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Guinean president Mamady Doumbouya has ordered a review of the rail and port infrastructure plans associated with the Simandou iron ore project, thereby delaying the start of the railway's construction. Liberia is also taking another look at plans for ArcelorMittal's rail line to transport ore ...
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Iron Ore Production To Support Net Exports. Rising iron ore exports will further fuel strong Liberian growth. According to our Mining & Metals team, ArcelorMittal's USD800mn expansion of the Yekapa mine, which was repeatedly delayed due to the 2014-2016 Ebola epidemic and the Covid-19 pandemic, is expected to boost iron ore exports …
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International Iron ore mining operations in Liberia, West Africa with the Ground-breaking ceremony that was held at the Bomi iron ore mine through its subsidiary WCL (Western Cluster Limited). The event took place in the distinguished presence of Mr. Sujal Shah - CEO, Iron ore Business, Vedanta
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In September 2021, the Government of Liberia and ArcelorMittal reached an agreement to amend the Mineral Development Agreement (MDA). The agreement allows the company to expand its operations in Liberia and extends its iron ore mining concession for 25 years.
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Iron ore mining was the mainstay of the Liberian economy between 1960 and 1980, contributing more than 60% of export earnings and about 25% of GDP (Boakye et al. 2012 ), which then ranked Liberia as the largest exporter of iron in Africa and third largest in the world.
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