Steel and mining giant ArcelorMittal is betting that it has won a secretive political fight over a port concession in Liberia after green-lighting a long-delayed iron ore expansion.
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China Union (Hong Kong) Mining Co.Ltd. Bong Iron Ore Mine Project, Liberia, Feasibility Report . Volume I & 2, China ENFI Engineering C orporation, March 2011 .
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The project is located in the Guinean Nimba Mountains, in south-eastern Guinea, adjacent to the Liberian and Ivoirian borders. It is a Tier 1 deposit containing extremely high grade, low impurity, direct shipping ore and is considered one of the best undeveloped iron ore resources in the world.
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In 2014, the Government of Liberia issued a class A mining licence (for large-scale operations) to Putu Iron Ore Mining Company, a fully-owned subsidiary of Russian steel and mining major, Severstal.
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Nimba Development Co has obtained the mining rights on a Guinean iron ore permit previously held by Sable Mining, which was accused of irregular practices in 2016. Several Guinean mining experts are on the Nimba board and management, among them the former head of the Simandou iron ore project and the former managing director of GAC, who is also
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The project is located in the Guinean Nimba Mountains, in south-eastern Guinea, adjacent to the Liberian and Ivoirian borders. It is a Tier 1 deposit containing extremely high grade, low impurity, direct shipping ore and is considered one of the best undeveloped iron ore resources in the world.
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The project is located in the Guinean Nimba Mountains, in south-eastern Guinea, adjacent to the Liberian and Ivoirian borders. It is a Tier 1 deposit containing extremely high grade, low impurity, direct shipping ore and is considered one of the best undeveloped iron ore resources in the world.
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1.4 Iron ore mining sector development in Liberia 9 1.5 Challenges 10 2 Assessment of ArcelorMittal’s performance 12 2.1 Review of the County Social Development Fund 12 2.1.1 Going to waste: an assessment of the projects 13 2.1.2 Management arrangements and ArcelorMittal Liberia complicity 15
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ArcelorMittal is the only large-scale international company currently engaged in iron ore mining operations and its multi-billion-dollar mineral investments include restoration and operation of the 243-kilometer rail line connecting its Tokadeh mine in northern Liberia to the Port of Buchanan, as well as roads, electrical plants, housing
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ArcelorMittal chairman Lakshmi Mittal observes: “The expansion of mine, processing, rail and port facilities is the largest iron ore project in West Africa and will draw international attention to Liberia as an attractive country to invest in.” ArcelorMittal adds it has invested over $1.7 billion in the country over the past 15 years.
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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 and magnetite. "In 2011, Severstal’s indirect subsidiary Lybica Holdings entered into an agreement with Afferro to purchase its 38.5% interest in the project." A …
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The project is located in the Guinean Nimba Mountains, in south-eastern Guinea, adjacent to the Liberian and Ivoirian borders. It is a Tier 1 deposit containing extremely high grade, low impurity, direct shipping ore and is considered one of the best undeveloped iron ore resources in the world.
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The project is located in the Guinean Nimba Mountains, in south-eastern Guinea, adjacent to the Liberian and Ivoirian borders. It is a Tier 1 deposit containing extremely high grade, low impurity, direct shipping ore and is considered one of the best undeveloped iron ore resources in the world.
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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 and magnetite. "In 2011, Severstal’s indirect subsidiary Lybica Holdings entered into an agreement with Afferro to purchase its 38.5% interest in the project." A …
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A few hundred kilometres from Simandou, another rail project looks like it too will be modified. In September, ArcelorMittal and President George Weah''s government reached an agreement to expand the steel giant''s Yekepa iron ore mine in northern Liberia and increase the capacity of its rail line. The deal gives ArcelorMittal exclusive rights
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The development of the Nimba Iron Ore Project is estimated to create 2,000 direct permanent jobs, of which approximately 1,500 would be in Guinea and 500 in Liberia. It will help support indirect
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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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The project is located in the Guinean Nimba Mountains, in south-eastern Guinea, adjacent to the Liberian and Ivoirian borders. It is a Tier 1 deposit containing extremely high grade, low impurity, direct shipping ore and is considered one of the best undeveloped iron ore resources in the world.
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Iron ore resources in Liberia. Numerous iron ore occurrences and deposits are known in Liberia with most being BIF type (see map). Of the eight major deposits, six are located within the Liberian age Archean basement in central and western Liberia while one is found in the Eburnean terrane in the east and another in the Pan African coastal belt.
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According to a mining economist, the GoL is giving ArcelorMittal the exclusive right to operate the Yekepa-Buchanan railroad through a wholly-owned subsidiary – which lacks transparency and gives AML the leverage to jeopardize the interests of other iron ore projects that may wish to use to rail infrastructure.
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Lakshmi Mittal, Executive Chairman, ArcelorMittal, said: “The expansion of mine, processing, rail and port facilities is the largest iron ore project in West Africa and will draw international attention to Liberia as an attractive country to invest in. The current planned expansion is part of a long-term commitment by ArcelorMittal to Liberia
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The Liberian government has given Chinese mining company China Union approval to develop a $2.6 billion iron ore mine in Liberia''s Bong Ranges, according to government documents obtained by MB. The 25-year project will directly and indirectly create 18,000 jobs and give Liberia an immediate cash boost of $40 million, the government said
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Lakshmi Mittal, Executive Chairman, ArcelorMittal, said: “The expansion of mine, processing, rail and port facilities is the largest iron ore project in West Africa and will draw international attention to Liberia as an attractive country to invest in. The current planned expansion is part of a long-term commitment by ArcelorMittal to Liberia
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ArcelorMittal to expand its mining and logistics operations in Liberia. (Credit: ArcelorMittal) ArcelorMittal has announced plans to invest nearly $800m in a brownfield expansion project in Liberia to significantly ramp up production of iron ore to 15 million tonnes per annum (mtpa). In this connection, the Luxembourg-based steel manufacturing
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With the latest agreement, ArcelorMittal will invest an additional $800m to boost iron ore production in the country from 5mtpa to 15mtpa within the next three years. Expected to be one of the largest mining projects in West Africa, the expansion project will involve processing, rail and port facilities. Liberia President George Manneh Weah
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The iron ore mining process is an exciting one to watch, from the blasting stage to the loading of trains for passage to the Port of Buchanan. Liberia''s mine is considered one the most beautiful mining environments in the world and has a 2018 production target of 4.5 million tons of iron ore.
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The development of the Nimba Iron Ore Project is estimated to create 2,000 direct permanent jobs, of which approximately 1,500 would be in Guinea and 500 in Liberia. It will help support indirect
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The mining industry of Liberia has witnessed a revival after the civil war which ended in 2003. Gold, diamonds, and iron ore form the core minerals of the mining sector with a new Mineral Development Policy and Mining Code being put in place to attract foreign investments. In 2013, the mineral sector accounted for 11% of GDP in the country and the World Bank has projected a further increase in
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