Posted in | News | 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.


View Larger Map

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

Written by

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.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    BHP Billiton Plc. (2019, March 19). BHP Signs Liberian Iron Ore Deal. AZoMining. Retrieved on April 14, 2024 from https://www.azomining.com/News.aspx?newsID=21.

  • MLA

    BHP Billiton Plc. "BHP Signs Liberian Iron Ore Deal". AZoMining. 14 April 2024. <https://www.azomining.com/News.aspx?newsID=21>.

  • Chicago

    BHP Billiton Plc. "BHP Signs Liberian Iron Ore Deal". AZoMining. https://www.azomining.com/News.aspx?newsID=21. (accessed April 14, 2024).

  • Harvard

    BHP Billiton Plc. 2019. BHP Signs Liberian Iron Ore Deal. AZoMining, viewed 14 April 2024, https://www.azomining.com/News.aspx?newsID=21.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.