Tuesday 14 April 2015

Otmane El Rhazi : Severstal needs partner to bring Liberia iron-ore mine online

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Russian steelmaker Severstal said on Monday that it will not be able to bring its Liberian iron ore project on line without a partner to help with investment and share risk amid a slump in world ore prices. Russia's second-biggest steel producer owns 100% of the Putu project – a 13 km (8 mile) long iron rich ridge around 130 km inland from the coast in eastern Liberia.

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