Liberia: ArcelorMittal Folds Partly -Terminates Expansion Contract

When the National Task Force on Ebola, anytime from now, announces the last infected person healed or dead, with no additional cases emerging afterwards, Liberia would sigh a huge relief from the virus’ nightmarish devastation. Though Ebola-related deaths would have come to an end, it would not be the end of the trouble for Liberia. Pundits are predicting that the devastated population would then be awakening to an equally ruinous crisis—a biting economic crisis, which if not managed would result into political crisis. And the roots of those crises have begun to form right now. The postwar country’s largest investor, Arcelormittal, is parking out of here and there are signs that other major concessionaries would soon be freezing their jobs-underpinning operations, as The Analyst’s Edward Palmer reports.

Due to the evolving situation of the current Ebola outbreak in West Africa, contractors working on the phase 2 expansion project of ArcelorMittal have declared force majeure and are moving out of the country, according to a communication given to this paper on Monday by the company.

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