This year, ArcelorMittal celebrates the start-up of iron ore operations in Liberia. This significant landmark is the culmination of five years' work to restart the country's iron ore production. Commemorating the launch of mining operations is more than a celebration - we truly believe the development of Liberia's iron ore industry will contribute to the rebuilding of the nation's economy after two decades of instability.Our work in Liberia is a series of firsts. As our first greenfield mining project, investing to rebuild Liberia's iron ore industry is an important project for ArcelorMittal, the world's leading steel and mining company. It is even more important for Liberia. ArcelorMittal's pioneering investment is one of the first major commitments to be made in the country after the end of 14 years of civil war.
ArcelorMittal's purpose and vision - to transform tomorrow through a shared boldness of spirit and our values of sustainability, quality and leadership - are evident in our work in Liberia. We say 'Boldness Changes Everything' and our mine in Tokadeh is the embodiment of this in action. What we have achieved in Liberia - producing and shipping iron ore for the first time in 20 years - is evidence of what you can achieve with vision and boldness. In 2005, when ArcelorMittal signed a Mineral Development Agreement with the Liberian government, the words in the contract were about much more than minerals and metal. Not only did ArcelorMittal commit to strengthening Liberia's mining industry and transport system, we committed to an investment to rebuild the country's social and community infrastructure for the long term.