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Mittal Steel Relocates From Mt. Tokadeh To Gangra
Date Uploaded: Oct 17, 2016

 Steel giant Arcelor Mittal Liberia Limited (AML) Logo

 

Mittal Steel Relocates From Mt. Tokadeh To Gangra
By S. Kannay Ziamo, LINA Nimba County Correspondent

GANTA, October 17 (LINA) - Steel giant Arcelor Mittal Liberia Limited (AML) has announced the relocation of its operation from its mining site at Mt. Tokadeh to Mt. Gangra.

Making the disclosure over the weekend, AML Communications Director Hester Pearson said the company firstly planned to mine at Mt. Gangta later in the project life.

She said the company's recent decision to move to Mt. Gangra was triggered by the Ebola outbreak in 2014 and the drastically lowered iron ore price margins that threaten the competitiveness, viability, and sustainability of its operation in Liberia.

Pearson said the company sees relocating to Gangra as the best solution as, according to her, the company's study has shown that Gangra shows 26 million tons of quality iron ore, better than what is found at Mount Tokadeh that AML is currently mining.

She said, the company recommenced drilling for Direct Shipped Ore (DSO) resource extension in late 2015, which confirmed the limited availability of DSO at Tokadeh.

According, to her, the company's drilling campaign at Gangra confirms that the 26 million tons is a higher grade DSO with a low strip ratio, adding that “once operation begins the AML could mine at 5 million tons per annum over the next five years.”

The AML Communications Director indicated that the mining and shipping of high quality iron ore means the company will be in the better position to employ more Liberians, fulfill its corporate social responsibilities to locals and continue to pay its taxes to the government.

Pearson is calling on citizens of Nimba to fully cooperate with the company as it tries to explore every means possible to improve its services to locals while at the same time boosting the nation's economy through regularly payment of taxes.

Prior to the press briefing, executives of AML held a day-long meeting with citizens of the county and informed them of their planned relocation to Gangra.

Arcelor Mittal, Liberia Limited started its operations in Nimba County in 2006 following the signing of a concession agreement with the government of Liberia to mine iron ore in the county.

The company shipped the first load of iron ore from Liberia through the port of Buchanan in 2011.

That was the first time iron ore shipped out of Liberia in 20 years.

LINA SKZ/PTK

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