ArcelorMittal SA is above target on iron ore shipments from its
Liberia operations and expects to export 4.5 million tonnes
this year, the global steelmaker said Aug. 15.
"We have already hit 3
million tonnes (between Jan. 1 and Aug. 8) and are not in (the
fourth quarter) yet, so we are above our target," ArcelorMittal
port manager Jim Page said. Earlier estimates put
ArcelorMittals Liberia production at 4 million tonnes
The company saw its
July shipments nearly triple to 516,000 tonnes from 175,138
tonnes a year earlier, despite heavy rains.
transshipments in dry months and measures to mitigate potential
risks with high moisture content in iron oresuch as
ArcelorMittals plans for a polymer-blending facility at
Port Buchananare aiding ArcelorMittals export
ramp-up, the company said.
The company is looking
to increase shipments from its Yekepa Mine to 15 million tonnes
per year by 2015 as part of a $1.5-billion expansion plan for
its Liberian operations.
A version of this article was first published by AMM sister
publication Steel First