Liberia: US$800m ArcelorMittal Investment in Limbo? Senate May Not Ratify, But… - News Summed Up

Liberia: US$800m ArcelorMittal Investment in Limbo? Senate May Not Ratify, But…


Monrovia – FrontPageAfrica has reliably learnt in the past 24 hours that the Government of Liberia and ArcelorMittal (AML) have reached a deadlock in a marathon negotiation to ratify the 3rd Amendment that is currently at the national legislature. FPA has gathered that the deadlock concerns request from the Government of Liberia that AML brings additional US 25$million to address long term unresolved housing challenges in project affected counties of Nimba, Grand Bassa and Bong. It can be recalled at a Senate Hearing on the 3rd Amendment that several senators called for more resources from AML and for AML to do more in the project affected counties. On Thursday evening, AML officials requested more time to discuss with senior management of the company on a way forward. In the amendment, the Committee called on the government to take ownership of the Railroad, Buchanan Iron Ore Port and related Infrastructure.


Source: Front Page Africa December 17, 2021 22:21 UTC



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