With the political situation in Liberia becoming more stable after its disastrous civil war, attention is being refocused on the country's iron ore deposits, with Chinese interests as well as BHP Billiton signing concessions. The latter company was initially in discussions with ArcelorMittal Liberia, but these were terminated last year and the world's largest steelmaker will go it alone. The company has reopened a number of mines in Liberia that were closed due to the 14 years of civil conflict and since the start of construction operations in 2006, ArcelorMittal Liberia envisages that its total investment in rebuilding the country's mining industry is to exceed US$1B.
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