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ArcelorMittal maintains investment commitment to Liberia

Mr Aditya Mittal CFO of ArcelorMittal said while speaking in Zwedru, Grand Gedeh County on a visit to Liberia to get first hand information on his company’s operation in the country, that his company has no plan to pull out of Liberia.

He said that ArcelorMittal considers the Liberian Government as a strong partner that is willing to address the plight of its country and improve the lives of its citizens.

Mr Mittal’s visit to Liberia coincided with the Cabinet Meeting held in Zwedru, the provincial capital of Grand Gedeh County. Mr Mittal and other senior members of the board of directors of ArcelorMittal, met with President Mr Ellen Johnson Sirleaf and other senior officials of Government including National Investment Commission chairman Dr Richard V Tolbert and assured them of no pullback plans by his company.

Meanwhile, ArcelorMittal is investing over USD 1.5 billion in Liberia’s iron ore industry, specifically in the Northern mining town of Yekepa, Nimba County. The global iron ore giant last year laid off a number of its employees in Liberia as a result of the global financial crisis, creating fear that the company would scale down full operations in the country.

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