ArcelorMittal Liberia announces first iron ore shipment

March 20th, 2012 - 6:36 pm ICT by IANS  

ArcelorMittal Monrovia, March 20 (IANS) Global steel giant ArcelorMittal Tuesday announced the first direct shipment of 1 million tonnes of iron ore from its Liberia mining operations.

The vessel carrying the iron ore will sail from the Buchanan terminal to its customer in China, said an ArcelorMittal statement reaching Xinhua in Monrovia, citing its Chief Executive Officer Rajesh Goel.

“We are only at the beginning of our operational development in Liberia which includes significant growth plans in cooperation with the Liberian government and our local communities,” the statement quoted Goel as saying.

Prior to commencing mining in Liberia, ArcelorMittal invested $800 million in rehabilitation of the railroad, port, and infrastructure around the mine in Yekepa.

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