MONROVIA – ArcelorMittal Liberia, the world’s leading steel and mining company, says it is not threatened by Thursday’s announcement by High Power Exploration(HPX) and the Sumitomo Mitsui Financial Group (SMFG) regarding positive results of its pre- feasibility study for the Nimba Iron Ore Project. “In addition, as there were several environmental issues faced by iron ore projects in Brazil, we also had to take a harder look and revise the design for how we managed tailings. 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. High Grade Ore in NimbaGuy de Selliers, Chairman of SMFG said: “The Nimba Iron Ore deposit is renowned for its very high grade, as well as for its proximity to existing infrastructure. The policies cover political risks that could arise in both Guinea and Liberia during the study phase of the project.
