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

Liberian President Joseph Boakai on 4 June 2024. © Yonhap News Agency/MaxPPP

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. [...]

Published on 30/07/2024 at 05:40 GMT Reading time 2 minutes

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Mining, Politics

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Liberia
Angela List
ArcelorMittal
ArcelorMittal Liberia
Central Bank of Liberia
George Weah
Inter-Ministerial Concessions Committee
Joseph Boakai
Lakshmi Mittal
Mamaka Bility
Mekinel Holdings
National Investment Commission
Natu Oswald Tweh
Pavel Ermolaev
Solway Investment Group
Solway Mining
Sylvester Grigsby

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
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.

Subscribers only Mining 24.05.2024

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
US banks on Boakai to let miners use railway monopolised by ArcelorMittal

President George Weah failed to break ArcelorMittal's monopoly on the rail line linking Liberia's mining region to the port of Buchanan. A US consultancy is now hoping to carry out a study on the state of the strategic railway, which is destined to become "multi-user".

Subscribers only Mining 19.12.2023

The newly elected Liberian president, Joseph Boakai.

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.

Set up email notifications for these topics

Liberia
Angela List
ArcelorMittal
ArcelorMittal Liberia
Central Bank of Liberia
George Weah
Inter-Ministerial Concessions Committee
Joseph Boakai
Lakshmi Mittal
Mamaka Bility
Mekinel Holdings
National Investment Commission
Natu Oswald Tweh
Pavel Ermolaev
Solway Investment Group
Solway Mining
Sylvester Grigsby

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