The Netherlands-based steel company plans to invest nearly US $ 1 billion in the rehabilitation of the Nimba mines once exploited by LAMCO JV. Mittal Steel is the world's largest steel producer. The company is privately owned by Indian billionaire Lakshmi Mittal, ranking third on the Forbes list of the world's richest people.


Lakshmi N. Mittal - President of the Board of Directors and CEO

 


The Netherlands have been involved in Liberia iron ore mining as early as the 1930s.

 

Liberia and Foreign Investments 21st c.:
Overview
 


 

Iron ore
 
Mittal Resumes Full Operation in Bassa
Arcelor Mittal Steel operating in Buchanan, Grand Bassa County has embarked on series of development initiatives in the city aimed at improving some of the damaged infrastructures left behind by LAMCO.
March 10, 2008


 
Mittal Steel Begins Operation
Lands, Mines and Energy Minister, Dr. Eugene Shannon, yesterday told journalists that ArcelorMittal has already begun operations in the country.
January 18, 2008
 
Mittal Steel-Liberia, the world's largest steel-producing company, which is expected to resume operations in the country, has for the first time
unveiled a big development package for Liberia (....) a deepwater port will be rehabilitated in Buchanan with miles of railroad tracks linking Grand Bassa, Bong and Nimba counties (...)

July 11, 2007
 
Senate approval of $ 1 bn deal with steel giant Mittal paves the way for the rehabilitation of the iron ore sector.
April 30, 2007
 
Mittal Steel Company
 
Mano River Resources Inc.

Gold and Diamond mining

Diamond Fields International Ltd. (DFI)
DFI is working on diamond and gold concessions covering more than 181,000 hectares. Targets include diamondiferous kimberlite in western Liberia and two high grade gold deposits (Henry Town in Grand Cape Mount County, and Barteajam in Grand Gedeh County). For decades, all the prospects have been the subject of artisinal workings indicating the presence of diamonds and coarse gold.
More here.
  
 
Mano River Resources Inc.
Forthcoming
 
West African Mining Company (WAMCO)
Forthcoming
  

Rubber

Firestone
In February 2005 the transitional Government entered into a controversial deal with Firestone, but the agreement could mark the return of private investors. Firestone plans to invest more than US $ 100 million and to assist Liberian rubber growers.
More here.
 

Forestry
  
President Ellen Johnson Sirleaf has cancelled all forest concession agreements entered into by previous governments
February 7, 2006
More here.
 
Twenty-five companies were  operating in Liberia as of mid-2000.  The largest company was the Oriental Timber Corporation (OTC) owned by Charles Taylor and managed by Gus van Kouwenhoven, who also owned and operated the Royal Timber Company. Ukrainian Leonid Minin owns the Exotic Tropical Timber Enterprises. Minin is known for trading diamonds and arms to both President Charles Taylor and the RUF through his timber company, using a number of countries to transship the arms.
Source: Global Withness  
   

Flag of Convenience
 
Forthcoming
 

A reflection on Liberia's foreign investment challenge. December 2006

Liberia's presentation at the African Mining Investment conference (INDABA 2006) which was held in Cape Town South Africa (Feb. 7-10, 2006)

www.1stliberia.com
First Clearing LTD of Liberia was founded to manage concessions and natural resources assigned by the Government of Liberia. Agreement signed with the Transitional Government lead by Gyude Bryant. (2003 - 2006).


 

 
   
 

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