ArcelorMittal Restarts Two African Mines

15 June 2010 (Last Updated June 15th, 2010 18:30)

ArcelorMittal has restarted work on two iron ore projects in West Africa that have been suspended for a year. Work at Mount Nimba in Liberia and Faleme in Senegal had been halted following the downfall of raw material prices during the downturn. The global steel major is develop

ArcelorMittal has restarted work on two iron ore projects in West Africa that have been suspended for a year.

Work at Mount Nimba in Liberia and Faleme in Senegal had been halted following the downfall of raw material prices during the downturn.

The global steel major is developing a $1.5bn Liberian project and a $2.2bn Faleme project.

The steel maker will start production in Liberia in mid-2011 while no production timetable has been given for the Faleme project, according to Reuters.