Will Liberia Benefit from ArcelorMittal’s Iron Ore Shipment Increase to 15 Million Tons?

ArcelorMittal Liberia (AML) is set to significantly boost the country’s mining sector by tripling its iron ore production from 5 million to 15 million tons annually as part of its Phase II Expansion Project. The company intends to process 75% of this output locally, demonstrating its commitment to industrial development and job creation in Liberia.

During a media tour at the company’s Buchanan rail facility on March 13, 2025, AML’s Communication Manager, Winston Daryoue, noted that while the company fell short of its 2024 production target of 5 million tons, achieving only 3.7 million, the Phase II expansion would create 1,000 permanent jobs and 2,000 temporary construction jobs, adding to the existing workforce of 2,100 Liberians.

AML’s Executive Vice President and CEO, Kleber Silva, emphasized the company’s long-term dedication to Liberia’s growth, calling the expansion a significant milestone in AML’s journey. Silva expressed confidence that the company’s progress would be a source of pride when reflected upon in 2025.

To support this expanded production, AML has invested $800 million into upgrading its 243-km railway system to U.S. heavy-haul standards. By 2025, the railway will facilitate five daily ore trains, each carrying 120 wagons. The upgrade includes extending railway loops, improving rail control systems, and acquiring new locomotives and wagons, as well as replacing wooden sleepers installed in 2010. The Buchanan yard will also be expanded with additional sidings and level crossings.

AML plans to ship its first ore under the Phase II Expansion in 2026. Despite production challenges in 2024, the company has recalibrated its strategies to improve ore output and profitability.

Celebrating its 20th anniversary in Liberia, AML highlights its positive impact on the economy, providing over 2,100 direct jobs, 5,300 indirect jobs, and investing over $2.5 billion in the country. The company is also deeply involved in education and workforce development, recruiting young Liberians, offering scholarships, and supporting local students and professionals through various programs. Additionally, AML has improved healthcare services in its Yekepa and Buchanan hospitals.

As one of the world’s top five iron ore producers, AML plays a critical role in its parent company’s global growth and decarbonization efforts, with operations covering the full value chain. The company also supports the government’s vision for a shared rail system along the Buchanan Corridor, agreeing to operate within a transparent and non-discriminatory framework for rail access under the oversight of Liberia’s Rail Authority.

With its significant investments, job creation, and infrastructure development, ArcelorMittal Liberia is positioned to be a transformative force in the country’s mining industry and broader economic growth.

But now the greatest concern is, will this huge impact grow the Liberian Economy and improve the living condition of Liberians?