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“ArcelorMittal Liberia’s Expansion Project, A Groundbreaking Investment For Liberia”

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PHOTO: Senate Pro-Tempore Chie being briefed by Johannes Heystek, Acting CEO (and Chief Operating Officer)

News Release

YEKEPA ̶ (June 10, 2021)  Liberian Senate President Pro Tempore, Albert Chie has expressed optimism about the transformational impact that the ArcelorMittal Liberia (AML) expansion project will have on the country’s economy and the many benefits to be accrued in jobs, revenue generation, and other critical areas.

President Pro Tempore Chie said the investment will be an important driver for economic growth and pledged to work with other legislators to support the AML expansion project and plan for the future.

A geologist, Pro Tempore Chie spoke this week during a courtesy visit to the AML mining operations in Tokadeh, Nimba County where he toured the mine and inspected ongoing preparatory work for the resumption of construction of a concentrator and other state of the art mining infrastructures.

During the tour, Honorable Chie said it is important to commence the concentrator Phase 2 project as soon as possible. He stressed the need for everything to be done to fast track the ongoing discussions with the government  to start the project.

“Government sees this as a groundbreaking investment that will provide many jobs and training for Liberians to take up major technical and professional roles within the company,” explained Pro Tempore Chie.

ArcelorMittal Liberia’s acting Chief Executive Officer Johannes Heystek who hosted the Liberian Senate President Pro Tempore, thanked him for his interest in the operation of AML and for the coutesy to visit the company’s mining operations.

Heystek emphasized AML’s readiness to accelerate ongoing progress on the expansion project and assured of the company’s commitment to increasing investment in Liberia as a strategic partner to the country.

He said ArcelorMittal Liberia was excited by the visit of the President Pro Tempore and expressed the hope that as someone with a rich mining and geological expertise, he would be an ambassador for the expansion project.

An indication of the strong interest and support to the AML expansion project, the visit of President Pro Tempore Chie follows previous high-level visits to ArcelorMittal Liberia by H.E. President George M. Weah and members of the diplomatic corps including the Ambassadors to Liberia of the United Kingdom, the European Union, the United States of America, France, as well as the United Nations Resident Coordinator amongst others.

About ArcelorMittal

ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/

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