Sign In
  • LR.
  • International
  • U.S.
  • AFRICA
Hot Pepper Liberia
  • Home
  • Editorial
  • News
  • Business
  • Hot Pepper Sport
  • The platform
  • Woman and Society
  • Obituary/Announcement
Reading: Firm Expansion Of Liberia’s Role In Global Iron Ore Sector
Share
Hot Pepper LiberiaHot Pepper Liberia
0
Font ResizerAa
  • Home
  • Editorial
  • News
  • Business
  • Hot Pepper Sport
  • The platform
  • Woman and Society
  • Obituary/Announcement
Search
  • Home
  • Editorial
  • News
  • Business
  • Hot Pepper Sport
  • The platform
  • Woman and Society
  • Obituary/Announcement
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Hot Pepper Liberia > Blog > Business > Firm Expansion Of Liberia’s Role In Global Iron Ore Sector
BusinessNews

Firm Expansion Of Liberia’s Role In Global Iron Ore Sector

Hot Pepper
Last updated: November 10, 2024 8:39 pm
Hot Pepper
Share
SHARE

ArcelorMittal’s mining operations have become a significant component of Liberia’s post-war economic recovery, marked by a series of major infrastructure investments and employment generation across the country. The global steel giant, which entered the Liberian market in 2005, has steadily increased its footprint in the West African nation, positioning Liberia as a key player in the regional iron ore industry.

One of the company’s most prominent projects has been the complete restoration and modernization of the 243-kilometer Buchanan-Yekepa railway, which was rendered inoperable after Liberia’s civil conflict. This railway, linking the iron-rich Nimba County to the Port of Buchanan, has undergone major rehabilitation at a cost exceeding US$800 million, allowing for the efficient transportation of iron ore and other freight. The company has reported that this restored infrastructure now facilitates the movement of thousands of tons of iron ore to global markets, providing critical export revenue for Liberia.

ArcelorMittal’s Tokadeh mine in Nimba County has also become a vital employment hub, with thousands of Liberians employed directly and indirectly. In addition to providing jobs, ArcelorMittal has invested in local community development initiatives, including healthcare facilities, education, and skill development programs aimed at young people interested in the technical mining sector. Company representatives noted that these programs are designed to foster sustainable livelihoods and support community resilience.

As part of its commitment to sustainable growth, ArcelorMittal has also launched agricultural and environmental programs in the communities surrounding its mining sites. These initiatives, company officials say, aim to create pathways for economic advancement outside the mining sector. The company’s presence in Liberia, according to the Ministry of Mines and Energy, has added to Liberia’s prominence in West Africa’s mining sector and is set to expand further.

A key part of this growth is the company’s on-going Phase 2 expansion project, which is expected to double iron ore production. This expansion, according to ArcelorMittal, will create thousands of new jobs and boost government’s revenue, aligning with Liberia’s broader development goals.

The company has also made sustainability a priority, with an emphasis on environmental management to limit its impact on local ecosystems. ArcelorMittal’s mining operations undergo regular environmental audits to adhere to international standards, and partnerships with local communities are maintained to foster transparency and mutual benefit.

Through its combined investments in infrastructure, job creation and sustainable practices, ArcelorMittal has become a driving force in the reconstruction and growth of Liberia’s mining industry. Government officials have highlighted the company’s contributions as crucial to the country’s economic recovery, bringing both immediate benefits and laying a foundation for long-term development.

The expansion and on-going operations by ArcelorMittal are expected to support Liberia’s integration into global supply chains, offering economic resilience and growth opportunities for the future.

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
TAGGED:ArcelorMittal Liberia
Share This Article
Email Copy Link Print
Previous Article Chinese Ambassador Vows To Support Liberia’s Socio-Economic Development
Next Article Liberia Islamic Unity Foundation Mosque Officially Dedicated
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Editor's Pick

Top Writers

Oponion

You Might Also Like

News

“If You’re Not A Friend Of America, You’re Not Our Friend”—-Pres. Weah Declares In SONA 2023

His Excellency President George M. Weah has openly declared that the United States of America is Liberia’s traditional ally; as…

3 Min Read
NewsObituary/Announcement

Sen. Prince Johnson Dies At 72

The longest serving senator and godfather of Nimba politics, Senator Prince Yormie Johnson, early Thursday morning, November 28, 2024 answered…

6 Min Read
News

“Stop Using Zogoes To Cause Violence In The Society”–LIS Deputy Chief Warns

The Deputy Commissioner General for Naturalization, Liberia Immigration Service (LIS), Atty. Assatu Bah-Kenneth, has warned Liberians and residents against using…

3 Min Read
News

US Congressional Delegation Hails Weah Gov’t

The seven-man US government Congressional delegation visiting Liberia has lauded President George M. Weah for the progress Liberia has made…

3 Min Read
Hot Pepper Liberia

News

  • World
  • Travel
  • Opinion
  • Science
  • Technology
  • Fashion

Technology

  • Innovate
  • Gadget
  • PC hardware
  • Review
  • Software

Health

  • Medicine
  • Children
  • Coronavirus
  • Nutrition
  • Disease

Culture

  • Stars
  • Screen
  • Culture
  • Media
  • Videos

More

  • World
  • Advertise

Subscribe

  • Home Delivery
  • Digital Subscription
  • Games

© Hot Pepper Liberia. All Rights Reserved.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?