The Plenary’s decision followed the submission of the agreement by President George Weah to the House for ratification. The expansion project – which encompasses processing, rail and port facilities – will be one of the largest mining projects in West Africa. The capital required to finalise the project is expected to be approximately $0.8 billion, as it is effectively a brownfield expansion. Economic benefitsAs the largest foreign investor in Liberia, ArcelorMittal Liberia has invested over $1.7 billion in the country over the past 15 years, the company’s data shows. The Joint Committee is expected to review the agreement and report to Plenary within two weeks with a set of recommendations.

Source: Front Page Africa November 24, 2021 08:33 UTC