By By Contributing Writer
Yekepa, Nimba Co. — ArcelorMittal Liberia (AML) has welcomed what it considered a fact-finding visit by members of the Liberian Senate’s Joint Committee on MDA Compliance, who toured the company’s operational areas in Yekepa and Tokadeh this week.
In an official statement released on September 25, AML described the visit as a “constructive engagement” and reiterated its commitment to transparency, accountability, and adherence to the terms of its Mineral Development Agreement (MDA) with the Government of Liberia.
“This engagement underscores the company’s commitment to transparency, accountability, and the highest standards of corporate governance,” AML stated.
Responding to recent public speculation about the scope and cost of its Phase II Expansion Project—often referred to as the “concentrator phase”—ArcelorMittal Liberia confirmed the investment is valued at approximately US$1.8 billion.
The company outlined key components of the project, which include:
- A world-class concentrator plant in Yekepa
- Significant rail and port infrastructure upgrades
- A new train unloading facility
- A tailings storage facility
- A 100 MW power plant at both Tokadeh and Buchanan
- Additional material handling facilities at both sites
- Supporting auxiliary infrastructure
- Expanded capacity to produce 20 million metric tons of iron ore annually
According to AML, this phase of the project represents “one of the most significant post-war private sector investments in Liberia.”
AML also highlighted its economic impact through job creation and skills development initiatives. The company reports that more than 7,500 Liberians are currently benefiting from employment opportunities either directly or indirectly through the expansion, alongside ongoing vocational and technical training programs.
“We remain open to the Committee’s observations and recommendations,” the company added, emphasizing its readiness to collaborate with government stakeholders moving forward.
The company says the Phase II Expansion remains “firmly on track” and will be delivered in partnership with the Government of Liberia and relevant institutions.
ArcelorMittal has been operating in Liberia since 2006 under the MDA, which governs its rights and obligations in the mining sector. The current expansion is expected to significantly increase production, enhance Liberia’s export capacity, and improve infrastructure across concession areas.
The Senate Committee is expected to release its own findings and recommendations following the Yekepa visit in the coming weeks.
