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MITTAL STEEL AGREEMENT WITH LIBERIA GOES THROUGH
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FOLLOWING MONTHS of debates and public hearings with the management of Mittal Steel, government officials, mining experts and civil organisations, the Liberian House of Representatives have ratified the Agreement with onward transmission to the Liberian Senate for concurrence. |
The Liberian Senate has now finally concurred with the House of Representatives and ratified the Agreement, thereby giving the world's largest steel company the green light to resume full-scale mining activities in the country, which is expected to provide thousands of job opportunities to native Liberians.
With the ratification of the Mittal Steel Agreement by the National Legislature, the company is expected to invest $1 billion United States dollars into the venture, which will have a lifespan of 25 years and will require the review of the agreement after every seven years by the government of Liberia.
Meanwhile, Bong County Senator Jewel Howard-Taylor, the wife of the former president, filed a motion for the reconsideration of the Agreement. She contended in her motion that she was not against the company operating in Liberia, but stressed that the ratification of the agreement did not meet two-thirds majority of the 30 membership Senate.
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