ArcelorMittal Liberia
ArcelorMittal has helped Liberia to jumpstart its economy after being devastated by 14 years of civil conflict. Our Liberian iron ore mining project represents an important part of our business strategy. It is an opportunity to show how responsible and transparent business practices can benefit both the company and the host country, bringing about mutual understanding and trust, which in turn can further help to improve stability.
Following a review of the Mineral Development Agreement (MDA) with the new Government of Liberia that was concluded on December 28, 2006, which called for an investment that would exceed US$ 1.0 billion, we set out on the task of rebuilding the country's mining infrastructure.
Since the start of construction operations in 2006, ArcelorMittal Liberia has created much needed employment both directly and through contractors. Significant progress has already been made in rebuilding road, rail and township infrastructure. Currently work continues in developing plans to start mining operations in 2011.
ArcelorMittal has also reopened two hospitals in Yekepa and Buchanan to provide medical care to its employees and local residents. We have also reopened schools in Yekepa, which provides education to ArcelorMittal employees' children and residents of surrounding communities.
Looking forward, we are developing an internal Corporate Responsibility governance structure, enhancing our participation and contribution to the implementation of the Liberia Extractive Industries Transparency Initiative - which is seen as a key forum for ensuring accountability and transparency, continuing our socio-economic development obligations as well as increasing our engagement with all stakeholders - reflecting the belief that Corporate Responsibility can be a key driving force in helping ArcelorMittal to achieve its goal of transforming lives in Liberia.
Read more on ArcelorMittal Liberia
- Current status of Liberia mining project
- Mining Development Agreement
- Liberian Extractive Industries Transparency Initiative
- Corporate Responsibility
- ArcelorMittal and the local community
- News
- Documents
For more information on our Corporate Responsibility efforts at ArcelorMittal Liberia, please email us at: crteam@arcelormittal.com