Arcelor Mittal, Liberia conclude mining agreement

Arcelor Mittal, Liberia conclude mining agreement

Arcelor Mittal , the world’s largest steelmaker, said on Monday it was ready to go forward with its mining development agreement in Liberia.

It said the agreement will bring the African nation over $1 billion of investment and will create 3,500 direct jobs.

“I am happy that the government of Liberia and Arcelor Mittal have reviewed the mineral development agreement jointly in good faith and have agreed to changes which allow the project to move forward,” said Lakshmi Mittal, president and chief executive of the company.

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