Liberia’s largest post-war foreign investor quadrupled in size: the US$1.8bn expansion delivered a new concentrator at Tokadeh (Nimba County), upgrades to the Tokadeh–Buchanan rail corridor, a new berth at Buchanan port and two power plants, lifting iron-ore shipments from historic ~5Mtpa toward 20Mtpa in 2026, with feasibility work for 30Mtpa. In January 2026 Liberia’s legislature ratified a third MDA amendment extending ArcelorMittal’s rights to 2050 (renewable +25 years), obliging a US$200m payment to the government for the mining-rights extension and reserved rail capacity, and setting multi-user rail access with an independently operated railway from October 2030.
Total AML investment in Liberia now stands at US$3.5bn, the largest FDI in Liberia’s post-war economy, and the deal anchors Monrovia’s wider US$4.8bn mining-and-energy pipeline (with Ivanhoe Atlantic’s iron-ore entry).
Value: US$1.8bn project; US$200m payment to the state; US$3.5bn total invested (verified against public announcements).
Advisers: No legal adviser is identified in the public record reviewed by The Meridian.
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
