BHP signs US$3 billion ore agreement with Liberia

Monrovia, Liberia — MININGREVIEW.COM — 14 June 2010 – The world’s biggest mining company “’ BHP Billiton Limited”’has signed a US$3 billion dollar (R22.5 billion) iron ore agreement with Liberia.

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.”