Monrovia, May 9 -- The Liberian government has reversed a recent decision by the Inter-Ministerial Concessions Committee (IMCC) reaffirming ArcelorMittal Liberia's (AML) role as operator of the Yekepa-Buchanan railway, following mounting pressure from rival mining company, Ivanhoe Liberia, formerly HPX.

By Gerald C. Koinyeneh, gerald.koinyeneh@frontpageafricaonline.com

This dramatic U-turn comes less than two weeks after the IMCC reaffirmed AML's rights to operate the critical rail infrastructure beyond 2030, citing the need to maintain legal certainty, investor confidence, and operational stability. However, President Joseph Boakai has now directed the National Investment Commission (NIC) to scrap the arrangement and revert to the gov...