ArcelorMittal To Pay Affected Communities US$3.3m
SANNIQUELLIE, Feb 6 (LINA) - Iron ore mining giant ArcelorMittal has signed a resolution to complete payment of US$3.3 million to 517 farmers in the communities most affected by its operations, not later than March 5.
The Coordinator of the Mines Resettlement Coordinating Committee and County Inspector of Nimba, Reginald Mehn, says ArcelorMittal has agreed to speed up disbursement of compensations to communities affected by its operations.
Mr. Mehn said following the February 3 strike action by the affected communities, ArcelorMittal apologized to farmers for the delay in the disbursement of compensations for crops and farmland destroyed by its operations.
He added that the deadline covers the complete disbursement of resettlement packages to the owners of counted and yet to be counted crops and farmlands.
The MRCC chairman further disclosed that, as part of a plan to accelerate the disbursement process, the company has suggested using mobile Money service to expedite the payment of compensations to the farmers.
Meanwhile, the spokesperson of the affected communities has expressed the hope that ArcelorMittal will live up to its promise.