Support The Moscow Times!

Severstal Invests in Liberia

Severstal said Wednesday that it has agreed to a 25-year plan to develop the Putu iron ore mine with the government of Liberia, with investment in the project expected to reach $2.5 billion.

Severstal, which owns 61.5 percent, plans to produce 20 million metric tons of iron ore there annually, spokesman Sergei Loktionov said. 

(Bloomberg)


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.