However when President Sirleaf assumed the presidency in 2006, the Mineral Development Agreement was renegotiated with Mittal Steel. Under the terms of the then amended agreement, Mittal Steel committed itself to provide about US$73m over a period of 25 years, which constitutes the life span of the agreement. They maintain that ArcelorMittal Liberia has reneged on commitments agreed to in the amended agreement signed during the Sirleaf Presidency. However, in 2006, transparency watchdog Global Witness undertook a critical review of the 2005 amended agreement and made observations. We also call on our legislators to do the right thing this time by subjecting the proposed amended agreement to rigorous due diligence checks and opening the same for public scrutiny.
