Liberia, BHP sign $3 billion iron ore deal
BHP Billiton has
signed a $3 billion deal with Liberia to develop a large-scale iron ore
project, an official in the West African country said on Monday. “We
are delighted to have reached this agreement with BHP Billiton
following 18 months of discussions,” National Investment Commission
chairman, Richard Tolbert, said. He added that the MDA was subject to
approval by parliament.
BHP Billiton said the agreement sets out the legal and fiscal
framework to develop the leases, including stabilisation of taxes,
duties, and other trade terms.The company is the latest in a string of
mining firms that have signed deals for iron ore projects in West
Africa.
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