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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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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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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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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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 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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The steel and mining company first signed a 25-year deal with Liberia in 2005 and shipped the first iron ore from its Yekepa mine in 2011. It had been aiming to expand output to 15-million tonnes much sooner, but those plans were put on hold in 2014 when it declared force majeure on the expansion project because of the Ebola outbreak in West
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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 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 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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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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Iron ore mining was the mainstay of the Liberian economy between 1960 and 1980, contributing more than 60% of export earnings and about 25% of GDP (Boakye et al. 2012), which then ranked Liberia as the largest exporter of iron in Africa and third largest in the world. Gold and diamond mining in Liberia was carried out largely by alluvial mining
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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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An iron-ore train, Liberia: forests in Nimba County were heavily impacted by iron mining from the 1960s until civil war broke out in the 1990s. Image by jbdodane via Flickr ( CC BY-NC 2.0 ). So
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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 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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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 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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Guinea and Liberia iron ore rail projects suffer setbacks. December 25, 2021 Cholo Brooks Liberia 0. Guinean President Mamady Doumbouya has ordered a review of the rail and port infrastructure plans associated with the Simandou iron ore project, thereby delaying the start of the railway’s construction. Guinea, which has some of the biggest
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The mining operations are located approximately 300 kilometers northeast of Monrovia, Liberia. Three deposits within the MDA are grouped under the name “Western Range Project”, which includes the Mt.Tokadeh, Mt.Gangra and Mt.Yuelliton deposits, covering 51,651.5 hectares. In addition to the rights to explore and mine iron ore, the GOL has
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It was the first of a number of big investments in Liberias iron ore sector, seen as a trendsetter for investors that followed. Under its agreement with the Government of Liberia, negotiated in 2005 (a re-negotiated contract was signed in 2006), the worlds largest steel producer ArcelorMittal obtained a 25-year concession for iron ore extraction.
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Globally, Liberia was the fifth largest producer of iron ore from 1960 through to the 1990’s, and was the largest exporter of iron ore in Africa. Since the rise of a democratically elected government with a modern and transparent mining code, Liberia has witnessed international investment and improved infrastructure.
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The development of the Nimba Iron Project is estimated to create 2,000 direct permanent jobs, of which approximately 1,500 would be in Guinea and 500 in Liberia, and which will help support
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These positive developments have allowed the company to proceed with its ongoing plans for investing in Liberia for the the realization of its overall $2.7 billion iron ore investment project while discussions are ongoing. This should come as welcome news to the People of Liberia, that a major U.S. investor is mobilizing to invest as much as
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Minerals and Mining Projects Liberia Western Cluster Iron Ore Deposits. Est. Potential: 3 billion tons Production: 30 million tons of Iron Ore annually, comprised primarily of quartz, hematite, and magnetite as well such weathering and replacement products as martite and limoniteConcession:
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3 “Mineral Development Agreement (MDA) between the Government of Liberia, Putu Iron Ore Mining, Inc, and Mano River Iron Ore, LTD,” September 2, 2010. 4 Severstal Press Release, “Severstal to Accumulate 100% of the Putu Iron ore Project in Liberia,” December 12, 2011. 5 PIOM MDA. 6 Ibid.
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