ArcelorMittal and Liberia Extend Long Term Mining Agreement Until 2050
ArcelorMittal and the Liberian government have extended their mining and shipping agreement to 2050. The company will pay $200 million for the contract deal.
Insights:
ArcelorMittal and the government of LR 
LRhave finalized an extension to their existing long-term agreement regarding the mining and shipping of minerals within the country. According to a company statement reported on January 30, 2026, the parties have formalized the extension of the contract duration through the year 2050. The new terms also include a contractual option to renew the agreement for an additional 25 years beyond the initial extension period.
LRhave finalized an extension to their existing long-term agreement regarding the mining and shipping of minerals within the country. According to a company statement reported on January 30, 2026, the parties have formalized the extension of the contract duration through the year 2050. The new terms also include a contractual option to renew the agreement for an additional 25 years beyond the initial extension period.
