Yekepa, Nimba County – June 24, 2025: The commissioning of ArcelorMittal Liberia’s state-of-the-art iron ore concentrator in Tokadeh earlier this month marked more than just a ceremonial occasion; it signaled a defining moment in Liberia’s economic renaissance. This development is not only reshaping the nation’s industrial landscape but also driving unprecedented job creation and long-term economic transformation.
The new facility, the first of its kind in West Africa, anchors ArcelorMittal Liberia’s landmark $2 billion Phase II Expansion Project. More than a mining upgrade, this initiative is rapidly positioning Liberia as a strategic supplier of high-grade magnetite concentrate on the global market. By the end of 2025, annual iron ore production is projected to triple to 20 million tonnes, significantly increasing national export capacity and revenue potential.
Technological Leap, Local Impact
The concentrator transforms lower-grade hematite into premium-grade 66% iron content magnetite concentrate. This breakthrough not only enhances Liberia’s export value but ensures greater beneficiation happens on Liberian soil, driving in-country value addition, industrial capacity, and workforce engagement.
Infrastructure as an Economic Catalyst
ArcelorMittal’s Phase II Expansion is revamping the backbone of Liberia’s mining infrastructure. In Tokadeh, new ore pits, a cutting-edge primary crusher, and a long-distance overland conveyor have been installed. Supporting facilities, including tailings storage, power generation, and water treatment systems, are all built to international safety and environmental standards.
One of the most transformational upgrades is the modernization of the 243-kilometer Yekepa-Buchanan railway. With over 440,000 new sleepers laid, track geometry refined, and passing loops added, the rail line is now fit for expanded freight operations. AML has acquired 16 new locomotives and 700 wagons, while establishing a fully equipped maintenance workshop in Buchanan to ensure operational efficiency.
At Buchanan Port, berth expansions, deep-water dredging, and a high-capacity automated shiploader enable the loading of Panamax vessels at speeds of up to 8,000 tonnes per hour. The port is now equipped with modern handling equipment and advanced control systems, setting a new standard for export infrastructure in the region.
Jobs and Skills for a New Generation
The expansion is delivering tangible economic benefits to thousands of Liberians. Over 3,000 were directly employed during the construction phase, with thousands more engaged indirectly through local suppliers and contractors. As operational demands grow, so too will employment opportunities in mining, logistics, transportation, and port management.
AML’s strategic investments in technical and vocational training are preparing young Liberians for long-term careers. From mechanical and electrical engineering to plant operations and safety systems, these programs are building a future-ready workforce equipped to sustain Liberia’s industrial rise.
Community Development and National Revenue Gains
Beyond economic activity, AML’s commitment to social development remains robust. The company has made significant investments in housing, healthcare, education, and transportation in its host counties, Nimba, Bong, and Grand Bassa. In collaboration with local governments and partners, AML is supporting initiatives that uplift communities and improve the quality of life.
As Liberia’s largest private taxpayer, AML’s expanded operations are expected to significantly increase royalties and tax contributions to the national treasury. This new revenue will enable the government to invest more aggressively in infrastructure, social services, and national development goals.
Two Decades of Partnership and Progress
This year marks 20 years since ArcelorMittal signed its Mineral Development Agreement with the Government of Liberia. From post-conflict recovery to today’s industrial leap, AML’s journey reflects a durable partnership built on trust, resilience, and shared progress.
With the first shipment of high-grade magnetite concentrate from the new plant scheduled for later this year, Liberia is not just exporting iron ore—it is exporting a story of renewal, ambition, and opportunity.
A New Chapter Begins
The message is clear: Liberia is rising. With stronger infrastructure, growing incomes, increased investor confidence, and a highly skilled labor force, the country is asserting itself as a leader in responsible resource development. ArcelorMittal Liberia’s investment marks the dawn of a new era, one where mining fuels national transformation, and every tonne of ore carries the promise of prosperity for all Liberians.
