Over the years, ArcelorMittal Liberia has played a crucial role in the post-conflict rebuilding and economic development of Liberia, emerging as the largest employer in Liberia.
The company has earned recognition from revenue authorities as the country’s largest taxpayer and accolades from international stakeholders for its contributions to Liberia’s economic growth.
Despite its significant contributions to the nation, there have been concerns about protracted delays in the passage of ArcelorMittal’s proposed third amendment to its mineral development agreement (MDA).
However, the company expressed optimism that the amendment will ultimately be ratified, pointing to its successful track record of resolving similar matters with the Liberian government and local communities in the past.
A company spokesperson for the company emphasized that the proposed amendment is aligned with the best interests of Liberia’s developmental initiatives, international investors and the company itself.
One of the contentious issues in recent discussions has revolved around the use of the rail infrastructure.
ArcelorMittal clarified that the third amendment to the mineral development agreement includes provisions for a comprehensive non-discriminatory multi-user access regime for the rail and port, with the Government of Liberia (GOL) retaining the authority to approve users. In this arrangement, the government remains the owner of the infrastructure and has the final say on who can use it.
ArcelorMittal has made substantial investments, exceeding $500 million, in rehabilitating the rail infrastructure and has committed an additional $200 million for further upgrades.
The company’s spokesperson reiterated ArcelorMittal’s commitment to a multi-user railway system that adheres to international best practices and supports cross-border traffic for both short-term and long-term sustainability.
The emphasis on fairness and collaboration in the utilization of the rail infrastructure underscores the company’s dedication to fostering a positive and mutually beneficial relationship with Liberia.
As discussions continue, it remains to be seen how these matters will evolve and how they will impact Liberia’s development.