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BHP Signs Liberian Iron Ore Deal

By Joel ScanlonJun 14 2010

A new deal has been signed by mining giant BHP Billiton for $3 billion with Liberia for iron ore. The BHP Billiton’s Chief Executive Officer for Ferrous and Coal, Marcus Randolph said that the company was enthusiastic about the new investment and was looking forward to moving ahead with it.

Richard Tolbert, the chairman of the National Investment Commission spoke with reported in the Liberian capital of Monrovia yesterday. He said that the deal came after an 18 month long negotiation between the BHP and the cabinet. It would now need to be submitted to the National Legislature for ratification.

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BHP Billiton Ltd is also in a joint venture with Arcelor Mittal in Liberia and Guinea. The collaboration is expected to produce almost three times the volume that the steelmaker could produce on its own.

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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