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But playing host to a crucially important rail line, which holds the key to unlocking rich iron ore deposits in neighbouring Guinea and Ivory Coast, poses its own challenges. And the country's mining minstry is looking at ways to introduce third-party users to the line, which is operated by ArcelorMittal.
Members of the mining community gathered in London this week for the West Africa Mining Investment Summit and, in this video, Liberia’s deputy minister for mines, land and energy, Sam Russ, explains just how important iron ore is to the development of the country and how it plans to open up its rail corridor.
Liberia boasts one of Africa’s fastest-growing iron ore industries and with a direct rail link from ArcelorMittal's Yekepa iron ore mine to Port Buchanan is in a good position to help grow West Africa's commodities businesses.