The fact is that our nation is rich in iron ore, but its people are horribly poor. In this first edition of our new series “Rich Nation, Poor People”, our torch is mainly focusing on the mining and exporting of iron ore. Between 1960 and 1970, Liberia was the largest iron ore exporter in Africa and the third largest exporter of iron ore in the World. In 2016, global sales from iron ore exports amounted to US$71.8 billion while global sales from iron ore in 2012 was US$131.5 billion. Up-to-date, there are 5 multi million iron ore companies operating in Liberia, namely: Arcelor Mittal, China Union, Western Cluster, Putu Iron Ore* and BHP Billiton*.

Source: Front Page Africa February 28, 2018 00:45 UTC