ArcelorMittal signed an agreement on Friday to stay for at least 25 more years in Liberia, where it will at least triple its iron ore production and invest an additional $800 million, the company's executive chairman and Liberia's president said. Annual production will increase to 15-million tonnes during a first phase of expansion and could rise as high as 30 million tonnes, ArcelorMittal Executive Chairman Lakshmi Mittal said at the signing ceremony.
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