Monday, April 30, 2007

Liberia Senate approves $1 bln Mittal iron deal

(Reuters) - Liberia's Senate has approved a $1 billion iron ore mining deal signed with the world's largest steel producer, Arcelor Mittal, opening the way for the start of the project, the government said on Monday.

Liberia's upper house of parliament approved the project in a special session late on Friday and the formal ratification was announced on Monday by Information Minister Lawrence Bropleh. The lower house endorsed the project last week.


Read more at Reuters Africa

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