Prior to the BHP Billiton agreement, Liberia had concluded two other major deals in the sector, with ArcelorMittal at billion and China Union at billion. The Liberian economy depended heavily on iron ore before the 13year civil war that ended in 2003.
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China Union set for first ore shipment. News Release | February 15, 2014 . One of Liberia's largest investments in the extractive sector, China Union is set to make its first shipment from Bong Mines of about 500,000 tons of iron ore through its newly constructed pier .
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Dec 20, 2008· Chinese company to invest billions in Liberia..... A Chinese company promised over the weekend to spend billion dollars on Liberia's main iron ore mine at bong mines in the biggest investment ever made in the country's history. ... China Union, according to Mr. Yin, will also build a park where livestock will be raised. ...
Mittal, which mines and ships 5 million tonnes of iron ore a year in Liberia from its ... rise to 15 million tonnes of iron ore with first production planned by the end of 2015. ... Pallonji Group, the third largest construction group in India.
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FACTBOXChina's oil and mineral deals in Africa. Their mine is due to come on line in 2010. January 2009 — China Union signed a billion contract to develop Liberia's Bong iron ore deposits, estimated at 300 million tonnes of lowgrade ore. The first iron ore pellets are expected in mid2010.
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The West African country, Liberia, has signed a 2,6billion agreement with a Chinese conglomerate, China Union, to develop what is described as its "main ironore mine". Also pursuing iron ore in ...
On January 19 2009, the ChinaUnion Company signed a 25 year Mineral Development Agreement with the Government of Liberia for the exploration and mining of iron ore in the country's Bong Range. The deal is reported to be worth US billion, which would make it the largest ever foreign investment in Liberia. Its provisions include a requirement that the company make an upfront signature ...
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