Investment
Commission
chairman Richard
Tolbert
Making this announcement here, National Investment Commission chairman Richard Tolbert gave no details of the agreement. All he told reporters was: “The deal followed 18 months of negotiations with BHP and the cabinet has endorsed the deal.’ It will now be submitted to the National Legislature for ratification.”
BHP’s CEO for ferrous and coal Marcus Randolph said the company was enthusiastic about the investment, and was looking forward of moving ahead with it.”