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.
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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