Long‑Term Ore Supply

In Liberia, ArcelorMittal secured an amended Mineral Development Agreement that extends mining rights to 2050, guaranteeing a long‑term ore supply and direct access to West African transport corridors. The agreement underpins a US$1.80 billion expansion, which will add an iron‑ore concentrator and major rail and port upgrades. The company projects that shipment volumes could rise to 20 million tonnes annually from 2026, enhancing its global steelmaking and raw‑material logistics footprint.