ArcelorMittal Liberia (AML) has again shown its commitment to Liberia’s future by being one of the largest contributors to government’s revenue for 2022 and 2023, recently receiving four awards from the Liberia Revenue Authority (LRA).
This recognition paints a clear picture of AML’s role in not only responsibly extracting ore but also directly supporting the country’s development through important tax contributions that fund essential public services and infrastructure.
As Liberia faces economic challenges, especially domestic resource mobilization, the government depends on corporate taxpayers like AML to help finance services that impact the lives of millions of Liberians, and for several years running now AML has shown itself as a reliable source of government funding to help deliver development programs, from improving education and healthcare to building infrastructure that connects rural and urban areas.
The company’s contributions provide a strong reliance on Liberia’s growth, to foster progress in communities that have historically lacked access to vital resources.
At the recent LRA Taxpayers Appreciation & Awards ceremony last week, AML was recognized as the ‘Highest Contributor Overall for 2022,’ the ‘Second Highest Contributor Overall for 2023,’ and the ‘Highest Custom Duty Paying Concessionaire’ for both years. These awards reflect the continued dedication of the global steel giant to Liberia’s revenue and the well-being of its people. The regular payment of taxes by AML is a clear demonstration of the company’s commitment to the country that hosts its operations.
AML understands that its success is linked to Liberia’s prosperity. The company’s contributions to the national economy are essential for the government to invest in sectors that improve the quality of life for Liberians, such as education, healthcare, infrastructure, and utilities.
AML’s support has helped expand educational programs, build clinics, improve transportation, and strengthen public utilities. These services are key to fostering a strong workforce that can drive Liberia’s economic growth.
ArcelorMittal Liberia’s tax contributions provide the government with consistent revenue that supports vital services, even during economic downturns, helping sustain progress.
AML’s investments also strengthen Liberia’s infrastructure, enhancing the nation’s ability to grow economically and reduce regional disparities. In Nimba County, where AML operates, improved roads and access to reliable services are creating new economic opportunities and helping elevate local businesses. These improvements benefit not just AML but also communities that were once isolated, enabling small businesses and farmers to access new markets, while students can reach schools more easily.
AML’s role in infrastructure development underscores its long-term commitment to Liberia’s prosperity.
The recognition AML received from the Liberia Revenue Authority reflects Liberia’s appreciation for companies that reinvest in the country. AML’s operations go beyond resource extraction; they support Liberia’s sustainable development. Through its tax contributions, AML provides the government with resources to address pressing challenges, reduce poverty, and build a more equitable society. As one of Liberia’s top taxpayers, AML sets an example for other companies operating in the country, showing that corporate success and national prosperity can align.
In addition to tax contributions, AML emphasizes social responsibility, environmental stewardship, and community engagement. Its partnerships with local communities have created jobs, funded education, and contributed to health initiatives that improve the lives of Liberians.
AML’s involvement in community programs and local development initiatives has helped build a positive image of the company as an essential partner in Liberia’s growth. The company demonstrates that it is possible to operate profitably while remaining invested in the long-term development of the people and places where it works.
Speaking at the LRA awards ceremony, AML’s Head of Sustainability and External Relations, Marcus S. Wleh, thanked the Liberian government and communities for their support. He acknowledged that AML’s contributions are possible due to the enabling environment that allows businesses to thrive, thus enabling the company to support Liberia’s development.
This alignment of corporate and national interests highlights the importance of public-private partnerships in achieving Liberia’s development goals.
AML’s relationship with Liberia demonstrates how such partnerships can create shared value and improve living standards across the country. By recognizing AML as one of Liberia’s most responsible corporate taxpayers, the LRA underscores the vital role taxes play in funding government initiatives that aim to uplift Liberians.
As Liberia works towards sustainable development, companies like AML prove that corporate responsibility goes beyond financial performance. Through its commitment to tax compliance, social impact, and economic empowerment, ArcelorMittal Liberia has become a true partner for progress, supporting not only its growth but also the aspirations of the entire nation.