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Liberia
Boakai administration brokers iron ore deal between Solway and Arcelor

The Swiss mining and metals group is ready to pull out of Liberia by accepting a deal over its iron ore deposit there, which was reallocated to ArcelorMittal. The transfer occurred during George Weah's presidency and exposed his successor to potentially fraught arbitration. [...]

Published on 24/05/2024 at 05:40 GMT Reading time 4 minutes

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Mining

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Liberia
Aleksandr Bronstein
Alford Boima Morgan
ArcelorMittal
ArcelorMittal Holdings
ArcelorMittal Liberia
Boima S. Kamara
Bushuben Keita
Central Bank of Liberia
Dan Bronstein
George Weah
High Power Exploration
Joseph Boakai
Lakshmi Mittal
Liberty Corridor
Mamaka Bility
Maxime Senecaut
Natu Oswald Tweh
Pavel Ermolaev
Ram Chandra Saraf
Robert Friedland
Signature Litigation
Solway Investment Group
Solway Mining
Wilmot Paye

Liberia
Last-chance negotiations between Monrovia and Solway mining group

The Swiss group is trying to negotiate a compensation agreement with the Liberian authorities for the loss of its mining permit. In the meantime, it is pursuing its arbitration case, leaving Liberia faced with the threat of having to pay out several hundred million dollars.

Subscribers only Mining 21.10.2024

Congo, Liberia
Sassou-Nguesso called on to mediate between Boakai and Weah

Liberia's Joseph Boakai has solicited his Congolese counterpart Denis Sassou-Nguesso to help him turn around his deteriorating relations with his predecessor George Weah.

Subscribers only Diplomacy 10.09.2024

Liberia
Joseph Boakai struggles to resolve dispute between Solway Mining and ArcelorMittal

Switzerland's Solway Investment Group, whose mining licence was transferred to ArcelorMittal without its knowledge, wants Liberia to pay $50m compensation to end legal proceedings against Monrovia in London.

Free access Mining, Politics 30.07.2024

Liberian President Joseph Boakai on 4 June 2024.

Spotlight | Guinea, Liberia
Mining magnate Robert Friedland's fall from favour in Guinea and Liberia

The North American tycoon no longer has privileged access to presidential palaces in West Africa, and his ambitious projects have been sidelined. Guinea junta leader Mamadi Doumbouya and President Joseph Boakai of Liberia no longer believe in his plans.

Subscribers only Mining 14.05.2024

Robert Friedland during the CRU's World Copper Conference in Santiago, Chile, 9 April 2019.

Liberia
Lakshmi Mittal derails Robert Friedland

The Indian industrialist has managed to win over Liberian President Joseph Boakai, dealing a blow to his US-Canadian rival, whose plans in the region are struggling to take shape.

Subscribers only Mining, Diplomacy 16.04.2024

Lakshmi Mittal (left) and Robert Friedland.

Guinea, Liberia
Billionaire Robert Friedland in Monrovia to talk railway access with Joseph Boakai

The US-Canadian mining magnate is to meet with Liberia's new president. The main topic of discussion will be access to the railway linking the Nimba mining area to the port of Buchanan. But ArcelorMittal remains eager to retain the monopoly it has on that strategic route.

Subscribers only Mining, Diplomacy 09.02.2024

Joseph Boakai addresses the joint chambers of the National Legislature in Monrovia, Liberia, on 29 January 2024.

Liberia
Facing numerous hurdles, miners Solway and HPX look to Joseph Boakai for help

The Swiss and US firms are hoping the newly installed president will clean up Liberia's mining sector. With Washington's backing, they are trying to undo the former administration's manœuvres and to build a rail corridor.

Subscribers only Mining 30.01.2024

Liberia
Mining magnates and lobbyists jockey for position ahead of presidential handover

With George Weah due to make way for Joseph Boakai, ArcelorMittal and Robert Friedland are busy. Both have a major interest in the rail corridor between the Nimba mining area and the port of Buchanan.

Subscribers only Mining, Diplomacy 04.01.2024

Liberia
Washington keeps up pressure on George Weah

The outgoing Liberian president has seen some pillars of his political system sanctioned by the United States. His successor, Joseph Boakai, has made the fight against corruption a priority, with the support of Washington, which wants top officials of the former government removed before his January inauguration.

Subscribers only Politics, Diplomacy 18.12.2023

Liberia President George Weah in Egypt on 8 November 2022.

Liberia
Robert Friedland seeks to schmooze president-elect Boakai

Robert Friedland is due to meet Liberia's new president in the next few weeks in the United States. The mining tycoon, reassured by the change of government, has made new acquisitions and hopes to gain access to the railway linking the Nimba mining area to the port of Buchanan.

Subscribers only Mining 11.12.2023

Liberia
George Weah launches investigation into mining contracts before handing over to Joseph Boakai

Outgoing Liberian President George Weah has criticised his government and some advisers for duping him in order to benefit from the mining industry's largesse. Before the new head of state takes over, he is trying to shed light on the highly sensitive case of ArcelorMittal, Solway Mining and HPX.

Subscribers only Mining, Politics 29.11.2023

Liberia's President George Weah arrives to address the 78th Session of the UN General Assembly in New York City on 20 September 2023.

Liberia
Weah faces arbitration threat from Solway over ArcelorMittal deal

Solway Investment Group has told the Liberian president to either provide compensation after a secret deal that handed its iron ore mining licence to ArcelorMittal, or face arbitration that could cost the state $2bn.

Subscribers only Mining 18.10.2023

Liberia
Details of Liberia's secret deal with ArcelorMittal revealed

Africa Intelligence has gained access to the confidential deal which gives the global steel giant a virtual monopoly on iron ore in Liberia at the expense of Solway Mining.

Subscribers only Mining 06.10.2023

Spotlight | Guinea, Liberia
George Weah irks Washington and Robert Friedland with mine transfers to ArcelorMittal

Liberia has withdrawn licences from mining firms without informing them. Solway Mining, which was about to launch its iron ore project, has lost its asset to ArcelorMittal, which is strengthening its grip on iron ore production and its rail line monopoly to the detriment of Robert Friedland's US company HPX.

Subscribers only Mining 29.09.2023

Liberian President George Weah at UN headquarters in New York on 20 September 2023.

Spotlight | Liberia
Miners and Washington worried about George Weah's procrastination

Liberian President George Weah still hasn't made a decision regarding renegotiation of ArcelorMittal's railway monopoly, even though a report on the issue was submitted a month ago. That delay is causing concern for mining operators, and Washington.

Subscribers only Mining 25.04.2023

Liberia's President George Weah in Paris, 12 November 2019.

Set up email notifications for these topics

Liberia
Aleksandr Bronstein
Alford Boima Morgan
ArcelorMittal
ArcelorMittal Holdings
ArcelorMittal Liberia
Boima S. Kamara
Bushuben Keita
Central Bank of Liberia
Dan Bronstein
George Weah
High Power Exploration
Joseph Boakai
Lakshmi Mittal
Liberty Corridor
Mamaka Bility
Maxime Senecaut
Natu Oswald Tweh
Pavel Ermolaev
Ram Chandra Saraf
Robert Friedland
Signature Litigation
Solway Investment Group
Solway Mining
Wilmot Paye

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Liberia
Boakai administration brokers iron ore deal between Solway and Arcelor

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Liberia
Last-chance negotiations between Monrovia and Solway mining group

Congo, Liberia
Sassou-Nguesso called on to mediate between Boakai and Weah

Liberia
Joseph Boakai struggles to resolve dispute between Solway Mining and ArcelorMittal

Spotlight | Guinea, Liberia
Mining magnate Robert Friedland's fall from favour in Guinea and Liberia

Liberia
Lakshmi Mittal derails Robert Friedland

Guinea, Liberia
Billionaire Robert Friedland in Monrovia to talk railway access with Joseph Boakai

Liberia
Facing numerous hurdles, miners Solway and HPX look to Joseph Boakai for help

Liberia
Mining magnates and lobbyists jockey for position ahead of presidential handover

Liberia
Washington keeps up pressure on George Weah

Liberia
Robert Friedland seeks to schmooze president-elect Boakai

Liberia
George Weah launches investigation into mining contracts before handing over to Joseph Boakai

Liberia
Weah faces arbitration threat from Solway over ArcelorMittal deal

Liberia
Details of Liberia's secret deal with ArcelorMittal revealed

Spotlight | Guinea, Liberia
George Weah irks Washington and Robert Friedland with mine transfers to ArcelorMittal

Spotlight | Liberia
Miners and Washington worried about George Weah's procrastination

Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo The secrets of Demex, the trader selling Russian oil in West Africa

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Liberia Boakai administration brokers iron ore deal between Solway and Arcelor

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Liberia Last-chance negotiations between Monrovia and Solway mining group

Congo, Liberia Sassou-Nguesso called on to mediate between Boakai and Weah

Liberia Joseph Boakai struggles to resolve dispute between Solway Mining and ArcelorMittal

Spotlight | Guinea, Liberia Mining magnate Robert Friedland's fall from favour in Guinea and Liberia

Liberia Lakshmi Mittal derails Robert Friedland

Guinea, Liberia Billionaire Robert Friedland in Monrovia to talk railway access with Joseph Boakai

Liberia Facing numerous hurdles, miners Solway and HPX look to Joseph Boakai for help

Liberia Mining magnates and lobbyists jockey for position ahead of presidential handover

Liberia Washington keeps up pressure on George Weah

Liberia Robert Friedland seeks to schmooze president-elect Boakai

Liberia George Weah launches investigation into mining contracts before handing over to Joseph Boakai

Liberia Weah faces arbitration threat from Solway over ArcelorMittal deal

Liberia Details of Liberia's secret deal with ArcelorMittal revealed

Spotlight | Guinea, Liberia George Weah irks Washington and Robert Friedland with mine transfers to ArcelorMittal

Spotlight | Liberia Miners and Washington worried about George Weah's procrastination

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Liberia
Boakai administration brokers iron ore deal between Solway and Arcelor

Liberia
Last-chance negotiations between Monrovia and Solway mining group

Congo, Liberia
Sassou-Nguesso called on to mediate between Boakai and Weah

Liberia
Joseph Boakai struggles to resolve dispute between Solway Mining and ArcelorMittal

Spotlight | Guinea, Liberia
Mining magnate Robert Friedland's fall from favour in Guinea and Liberia

Liberia
Lakshmi Mittal derails Robert Friedland

Guinea, Liberia
Billionaire Robert Friedland in Monrovia to talk railway access with Joseph Boakai

Liberia
Facing numerous hurdles, miners Solway and HPX look to Joseph Boakai for help

Liberia
Mining magnates and lobbyists jockey for position ahead of presidential handover

Liberia
Washington keeps up pressure on George Weah

Liberia
Robert Friedland seeks to schmooze president-elect Boakai

Liberia
George Weah launches investigation into mining contracts before handing over to Joseph Boakai

Liberia
Weah faces arbitration threat from Solway over ArcelorMittal deal

Liberia
Details of Liberia's secret deal with ArcelorMittal revealed

Spotlight | Guinea, Liberia
George Weah irks Washington and Robert Friedland with mine transfers to ArcelorMittal

Spotlight | Liberia
Miners and Washington worried about George Weah's procrastination