Monrovia – ArcelorMittal has being summoned by the Government of Liberia for allegedly defaulting in the concession agreement signed between it and the Government. The default has been going out for more than three years, a senior government official noted. Why they haven’t installed the ore plant and paved the road they promised to pave in the concession agreement. In 2005, ArcelorMittal and the Liberian Government signed the first Mineral Development Agreement (MDA) to allow the company to begin mining iron ore in Yekepa, Nimba County. Among other things, it stipulates that ArcelorMittal contributes US$3 million a year to the county social development fund for Nimba, Bong and Grand Bassa Counties.

Source: Front Page Africa April 10, 2018 00:33 UTC