James T. BrooksCAPITOL HILL, Monrovia — President Joseph Nyuma Boakai has formally submitted the Third Amendment to the ArcelorMittal Liberia (AML) Mineral Development Agreement (MDA) to the National Legislature, describing the instrument as a cornerstone for Liberia’s economic recovery, job creation, and long-term infrastructure stability. A primary highlight of the deal is an immediate upfront payment of US$200 million to the government upon ratification. Beyond the immediate financial infusion, the agreement strengthens sovereign control over strategic infrastructure, specifically the vital Yekepa-to-Buchanan rail corridor. AML will contribute US$5 million annually to a Community Development Fund dedicated to towns and villages within its operational footprint. To ensure compliance, the agreement includes a penalty of up to US$500,000 annually if these social projects are not implemented.

Source: GNN Liberia January 14, 2026 15:05 UTC