Liberia has extended ArcelorMittal's mineral development agreement until 2050, securing one of Africa's most significant long-term mining partnerships. The accord encompasses comprehensive rights across 1,600 square kilometers of iron ore concessions while guaranteeing $2.8 billion in government revenues. ArcelorMittal will invest an additional $800 million over the next decade in infrastructure development, technology upgrades, & sustainability initiatives, including a commitment to achieve carbon neutrality by 2045.