Posted in | Iron Ore

BHP Signs Liberian Iron Ore Deal

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.

Joel Scanlon

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Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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