ArcelorMittal to Expand Mining, Logistics Operations in Liberia
10 Setembro 2021 - 2:03PM
Dow Jones News
By Kim Richters
ArcelorMittal said Friday that it has signed a landmark
agreement with the government of Liberia, paving the way for the
company to expand its mining and logistics operations in the
country.
The steel-and-mining company said ArcelorMittal Liberia will
significantly ramp up iron ore production and the overall expansion
project would be one of the largest mining projects in West
Africa.
"The capital required to finalize the project is expected to be
approximately $0.8 billion, as it is effectively a brownfield
expansion," said the company.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 10, 2021 12:48 ET (16:48 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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