ArcelorMittal Extends Liberia Mining Agreement To 2050, Lifts Total Investment To $3.5 Billion
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ArcelorMittal said it has extended a long-term agreement with the Liberian government covering the mining and shipping of minerals, taking its total investment commitment in the country to $3.5 billion.
The company said the updated terms extend the agreement through 2050, with an option to renew for a further 25 years.
ArcelorMittal added it will pay the Liberian government $200 million in exchange for the extension of mining rights and reserved access to railroad capacity.
The company described the arrangement as an extension of its existing long-term framework with Liberia for mineral operations and logistics.
ArcelorMittal’s statement links the extension to its broader investment footprint in Liberia, which it said totals $3.5 billion.
