Name of the Project
Nimba iron-ore project – Phase 2.
Location
Liberia.
Project Owner/s
ArcelorMittal Liberia, a subsidiary of ArcelorMittal.
Project Description
ArcelorMittal has completed a revised detailed feasibility study for the modular construction of a 15-million-tonne concentrator, with aligned mine, concentrate, rail and port capacity.
Phase 2 is considered to be a brownfield project, as 85% of the project has been completed, with the equipment on site, and 60% of the civil construction has been completed.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The project will require capital expenditure of $800-million.
Planned Start/End Date
Construction on Phase 2 of the project started in 2013; however, the project was suspended, owing to the onset of Ebola in West Africa, and the subsequent force majeure declaration by the on-site contracting companies. The project is now expected to restart construction in 2021, with first concentrate expected in the fourth quarter of 2023.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
ArcelorMittal corporate communications, tel +44 207 543 1128 or email press@arcelormittal.com.