Liberia: Boakai Signs Aml’s Third MDA, Secures U.S.$200m Signature Bonus

[Liberian Investigator] President Joseph Nyuma Boakai has signed a revised Third Mineral Development Agreement (MDA) with ArcelorMittal Liberia, obligating the company to pay a $200 million signature bonus and invest approximately $1.2 billion to expand its mining and processing operations. The agreement, signed Wednesday at the Executive Mansion, now proceeds to the National Legislature for ratification.

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