Liberia: HPX Use of Railway to Export Iron Ore From Guinea Possibly the Reason Behind Rejection of Arcelormittal Third MDA Agreement

Monrovia — The US$800 million 25-year ArcelorMittal expansion deal has been rejected by the House and sent back to the Executive for renegotiation. The House has raised a couple of issues that they believe ought to be addressed in the agreement, however, FrontPageAfrica has gathered that the move is also intended to pave way for the coming in of High Power Exploration (HPX), an exploration company opting to carry out iron ore development in Nimba Guinea Mountains.

ArcelorMittal, on the other hand, FrontPageAfrica has gathered, isn't taking the rejection lightly, especially with the coming in HPX which seeks to co-use the railway along with ArcelorMittal Liberia.

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