Category: Iron Ore
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π±π· Liberia’s Concession Dilemma: A Boon for Corporations or a Path to National Prosperity?
Liberia stands at a pivotal crossroads. As one of the world’s ten poorest nations yet endowed with vast natural resources, the West African country has long relied on concession agreements with foreign corporations to spur economic development. These deals, particularly in mining and agriculture, promise significant foreign investment, job creation, and infrastructure development. However, they…
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π±π· Liberia: ArcelorMittal Remains Liberia’s Largest Revenue Contributor Nearly Two Decades Running
New financial disclosures highlight ArcelorMittal Liberia’s position as the country’s largest and most consistent revenue contributor, with payments to the Government of Liberia now exceeding nearly half a million since the company began operations nearly two decades ago. According to data read by this paper this payment has repeatedly been made through royalties, taxes, and…
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π±π· How Much Revenue Liberia Has Lost Under AMLβs Monopoly
Liberia may finally be in a position to reclaim what policy analysts are calling βthe years that the locusts have eaten,β as new economic data reveals the staggering scale of revenue the country has lost under ArcelorMittal Liberiaβs near-exclusive control of the YekepaβBuchanan railway. With President Joseph Nyuma Boakai, Sr. having returned the companyβs Third…
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