Zolowee Town, Nimba County – ArcelorMittal Liberia (AML), the country’s largest taxpayer, has commissioned a $1.4 billion state-of-the-art concentrator plant at Mount Tokadeh, marking a major step in its Phase II expansion.
At the dedication ceremony, AML Executive Chairman Lakshmi N. Mittal recalled his first visit in 2005, praising Liberia’s progress since then. “There was hardly any electricity. Now there are roads, power, comfort, and growth,” he said.
Mittal emphasized that the investment—part of a $3 billion package—is expected to create 10,000 jobs and benefit over 200,000 people directly and indirectly. He credited Liberia’s stability and strong leadership for making it possible.
Speaking at the event President Joseph Nyuma Boakai hailed the ceremony as a turning point in Liberia’s development, commending AML and Nimba County for embracing a transformative project. “It is truly a joyous occasion when people show such confidence in our country,” he said.
President Boakai echoed calls for inclusiveness, noting that long-term investments must benefit ordinary Liberians. “Years from now, we must be able to point to this investment and say, ‘This is what came from here,’” he stated.
Nimba County Superintendent Kou Meapeh Gono in a remark called for fairness, local inclusion, and a revision of the Mineral Development Agreement to reflect modern democratic values and ensure more benefits for Liberians.
The concentrator plant is designed to process raw iron ore into high-grade concentrate for export, reducing costs and boosting Liberia’s mining value chain.
It’s part of broader infrastructure and operational upgrades by AML.
The expansion includes 5,000 construction jobs, 1,200 long-term positions, and significant upgrades to the Yekepa-Buchanan rail line and port, alongside increased annual revenue for government—from $35 million to $200 million.
AML has also pledged more funding for social development, education, healthcare, and environmental protection, including $4 million annually to the County Social Development Fund and support for Liberian-owned businesses.
With five years left in its 25-year agreement, AML is seeking a renewal amid national debate. The commissioning of the plant is expected to shape discussions on Liberia’s mining future and economic transformation.
