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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 emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.


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