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.

洞察:
ArcelorMittal and the government of LR LRLRhave 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.
The sign of the ArcelorMittal steel plant is seen in Vanderbijlpark, south of Johannesburg, South Africa, September 4, 2025. REUTERS/Siphiwe Sibeko
The sign of the ArcelorMittal steel plant is seen in Vanderbijlpark, south of Johannesburg, South Africa, September 4, 2025. REUTERS/Siphiwe Sibeko
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