MONROVIA โ The Joint Committee on the Compliance Review of Concessions of the House of Representatives has invited the Chief Executive Officer and Management of ArcelorMittal Liberia (AML) to appear for a public hearing scheduled for Monday, June 16, 2025, at 11:00 a.m. The hearing will be held in the 1st Floor Conference Room, House Wing, at the Capitol Building.
The Joint Committee comprises the Committee on Investment & Concessions, the Committee on Lands, Mines, Energy, Natural Resources and Environment, and the Committee on Labor.
This public hearing forms part of the Legislatureโs oversight responsibility to ensure transparency, compliance, and accountability in concession agreements signed between the Government of Liberia and concessionaires operating in the country.
The focus of this Concession Compliance Review will center on ArcelorMittalโs Mineral Development Agreement (MDA) with the Government of Liberia, with specific emphasis on the 30% share of the agreement.
The Committee has formally requested AMLโs CEO and Management to present a comprehensive financial gain report covering the last five (5) years of operations, along with the following key documentation to aid the review process:
1. Financial reports of operations for the past five years;
2. Quantity of iron ore produced during the period;
3. List of projects implemented under Social Corporate Responsibility (SCR);
4. Report on the annual US$200,000 scholarship fund, including a comprehensive list of beneficiaries.
5. Proof of transfers of the US$50,000 annual support to the Geological Department of the University of Liberia;
6. An updated list of Liberian senior/managerial staff over the last five years;
7. Reports on Community Resources activities and outcomes during the period under review.
The Joint Committee urges AML Management to submit all requested documents on or before the hearing date to facilitate a transparent and results-oriented review process.
This action demonstrates the Legislatureโs ongoing commitment to protecting national interests, ensuring full compliance with concession agreements, and promoting sustainable development for the benefit of the Liberian people.
