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| ArcelorMittal |
$1.8 Billion Expansion Set to Quadruple Output and Bolster Jobs
New facility to raise production to 20 million tonnes annually
ArcelorMittal has officially inaugurated a new state-of-the-art iron ore concentrator in Tadeh, Nimba County, Liberia, marking a pivotal milestone in the company’s $1.8 billion expansion plan for the West African nation.
The commissioning ceremony, attended by Liberian President Joseph Boakai and ArcelorMittal Executive Chairman Lakshmi Mittal, also commemorated 20 years of mining operations in Liberia. The event underlined the steel giant's long-term commitment to the region, where total investments are set to reach $3 billion.
The advanced concentrator is designed to boost iron ore production from 5 million tonnes per year to 20 million tonnes, with substantial upgrades to ore grade and processing efficiency. The expansion project has already created over 5,000 construction jobs and is expected to deliver 1,000 permanent roles upon completion.
Mittal highlighted the concentrator’s strategic significance for both ArcelorMittal and Liberia. “This facility will ensure the long-term sustainability of Liberia’s mining sector and significantly enhance the country’s economic development,” he stated.
The new infrastructure is set to play a key role in Liberia’s industrial future, offering higher value-added processing, export potential, and domestic employment opportunities. ArcelorMittal’s investment cements its position as a critical player in West African resource development and as a major contributor to global iron ore markets.
ScrapInsight Commentary:
ArcelorMittal’s expansion underscores the growing global demand for high-grade iron ore, critical in low-emissions steel production. For scrap metal markets, this may signal longer-term shifts in primary versus secondary feedstock economics, especially in regions where upstream ore beneficiation is being scaled. Expect increased competition for energy-efficient steelmaking materials in Africa and beyond.
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