Liberian iron ore mine delayed

ArcelorMittal has delayed the launch of a planned USD 1.5 billion iron ore mine in Liberia as a result of falling demand. Mr Arthur Massaquoi a company spokesman said that “As a consequence of the global crisis after reviewing all of our operations we thought it would be necessary at this moment to slow down our operations.” ArcelorMittal is a key investor in the poor former British colony whose President Ms Ellen Johnson-Sirleaf has made attracting foreign investment into its natural resources a centre piece of her efforts to rebuild the country after a 1989-2003 civil war.
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