Arselormital intends to increase the production of iron ore in liberia to 15 million tons by 2015

The board of Arselormital approved the plan of the second stage of development of mining in liberia, which provides for an increase in the extraction of iron ore in the region from 4 million tons to 15 million tons until 2015. This was reported by the press service of the company.

Investments in the liberian branch of Arselormittal will exceed one billion US dollars and will be aimed at developing the country's infrastructure, as well as social projects. “An increase in capacities means new opportunities for the employment of liberians, expanding port capacities in Buchanan, as well as the expansion of railway lines in the country,” the report said.

Arselormital is the first investor to trust the post -war regime of liberia. The company does not regret the investments in Africa and intends to continue the construction of port structures, schools and hospitals in liberia, writes stoneandsteel.ru .

The second stage in the development of the mining business includes the construction of a new loading terminal in the port of Buchanan and the construction of a new processing factory in Ekpe, which will increase the production of iron ore to 15 million tons.

“This is an important step forward for the growth of our production operations in liberia, as well as for the development of liberia herself. This is a clear sign that Arselormital seeks to create a world -class mining class in liberia, and we would like to thank our many partners, including the liberia government, for their constant cooperation and support, ”said Antonio Maria, Director General of Arselormital liberia.