The Inquirer (Monrovia)

21 November 2012

Liberia: Severstal CEO Pledges More Funds to P.I.O.M

The Chief Executive Officer of OAO Severstal based in Russia has pledged his company's commitment to the provision of more funds to the Putu Iron Ore Mining (PIOM) project based in Petrokon, Grand Gedeh County.Mr. Vadim Larin made the pledge during a meeting he arranged with chiefs, elders and youth groups in Petrokon, held in the newly constructed PIOM's administrative building.

He expressed thanks to the Petrokon citizens for their cooperation with the management of PIOM. He noted that, their cooperation has helped the company achieved good results during its exploratory phase, and hoped that they will continue to lend their support to the entire mining project.

Mr. Larin said. "PIOM is here to stay, but that can only happen when you locals embrace the project. So I urged you to remain committed by giving your unflinching loyalty to the project". He also assured them of better opportunities with the company, as it pursues its business objectives in the country.

Responding, the Petrokon Citizens through their Town Chief Ruth Walo lauded Severstal for the huge investment established in their area and the improvement that has been made there since the inception of the company in the county.

She prayed that the project should continue to prosper to provide the needed employment opportunities that their husbands and children are yearning for to improve their livelihood.

In appreciation of these developments, the Petrokon Citizens presented kola nuts and pepper to CEO Larin, as their traditional way of receiving important visitors in their midst; and a white chicken, as a symbol of their pure hearts, and later powdered his face with white clay, which they said meant blessing for CEO Larin and the project.

Town Chief Walo during her remarks also conferred on CEO Larin and Country Manager Chris Masurenko, the names of two of Putu's most powerful chiefs: Bob Blayee and Flanyon Jolo, respectively on behalf of the community.

CEO Larin in appreciation of the kind gestures extended him and the managements of the two companies gave the citizens of Petrokon One Thousand Five Hundred United States Dollars and fifteen bags of rice.

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