ENXTAM:MTMetals and Mining
ArcelorMittal Liberia Growth Deal Offsets Italian Legal Uncertainty
ArcelorMittal (ENXTAM:MT) has finalized a long term mining and infrastructure agreement with Liberia, covering iron ore production and exports.
The deal includes plans for what is described as Africa’s largest iron ore beneficiation plant and an expansion of rail and port capacity to support higher shipment volumes.
At the same time, ArcelorMittal faces a multibillion euro legal dispute in Italy over alleged misconduct and investment expropriation at Acciaierie d’Italia.
The company denies...