Mining News

ArcelorMittal to triple iron-ore production in Liberia

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ArcelorMittal signed an agreement on Friday to stay for at least 25 more years in Liberia, where it will at least triple its iron-ore production and invest an additional $800-million, the company’s executive chairman and Liberia’s president said.

Annual production will increase to 15-million tonnes during a first phase of expansion and could rise as high as 30-million tonnes, ArcelorMittal executive chairman Lakshmi Mittal said at the signing ceremony.

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