Published: February 19, 2026
MONROVIA — The chief executive officer of ArcelorMittal Liberia says the company’s newly approved Third Amended Mineral Development Agreement signals growing investor confidence in Liberia’s economy, describing the country as a business-friendly environment positioned for expansion and long-term development.
Speaking at the close of an internal staff training session, CEO Michiel van der Merwe told employees the agreement reflects both government commitment and corporate partnership after more than two decades of operations in Liberia.
“We are working for a great company and we are in a great country,” he said. “This is a real indication from the government and people of Liberia that they want to do business.”
Workforce and Institutional Transition
The training gathered employees across departments to review obligations, compliance requirements and opportunities created by the amended agreement. Van der Merwe said the session also demonstrated the company’s internal transformation.
“This gives me a warm feeling to see how quickly the workforce has matured,” he told participants, congratulating staff for what he described as professionalism and engagement in the company’s next operational phase.
Company officials said the training forms part of a broader effort to ensure workers understand how the revised agreement affects operational standards, safety requirements and long-term strategy.
Expansion and Economic Impact
The Third Amended Mineral Development Agreement underpins the company’s Phase II expansion project, expected to increase mining output and expand logistics infrastructure, including rail and port facilities.
Van der Merwe said production is projected to rise significantly.
“Last year we produced 10 million tons. This year at minimum 23 million tons — and 30 million is inevitable,” he said.
The expansion is expected to increase foreign investment, government revenue through taxes and royalties, and job opportunities across contractors, suppliers and service providers.
Lawmakers have also highlighted local content provisions contained in the agreement, which aim to strengthen Liberian participation in the mining value chain and stimulate employment in host counties including Nimba and Grand Bassa.
Community and Infrastructure Development
Company and government representatives say communities along the rail corridor will benefit from expanded social programs covering education, health care, skills training and local infrastructure.
The project includes road works and upgrades to mining and processing capacity, which analysts say could boost export earnings if global iron ore prices remain favorable.
Long-Term Partnership
ArcelorMittal has operated in Liberia for more than 20 years, investing in mining, port and rail infrastructure. The CEO said the amended agreement reinforces the long-standing partnership between the company and the country.
“This training is about understanding where we are going as a company and as a country,” he said. “Your growth and leadership will define how successful this next phase becomes.”
Officials describe the agreement as a central pillar of Liberia’s mining sector strategy, linking industrial expansion to employment, infrastructure development and broader economic growth.
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