Arcelor Mittal to increase capacity in 2015 in Liberia
The statement issued by the company’s Monrovia office on Friday said “this increase in capacity will also mean an increase in job opportunities for Liberians.”
It said the increase will be accomplished through investment in an iron ore concentrator, expansion of the Port of Buchanan in eastern Grand Bassa County as well as increased utilization of rail capacity.
“It is a clear sign that ArcelorMittal is committed to building world-class mining operations in Liberia,” the firm said, thanking the government for their continued cooperation and support.
ArcelorMittal, the first post-war investor in Liberia, has since 2005 has invested over US$1 billion in the development of its operations.
This includes the rehabilitation of the railway from Yekepa, in north-east Nimba County to the port facilities in Grand Buchanan, as well as the construction of hospitals and schools in its concession areas.
ArcelorMittal is the world’s leading integrated steel and mining company with a presence in more than 60 countries.
In 2010, ArcelorMittal had revenues of US$78billion and crude steel production of 90.6 billion tons, representing about 6percent of the world’s steel output.