Guinea iron ore miners years away from using Liberian railway, Arcelor says


Mining companies in Guinea such as BHP Billiton (BHP), Newmont Mining (NEM) and Sable Mining, who need a means to begin exporting iron ore, will have to wait years to make use of an existing rail link through Liberia, railway operator ArcelorMittal (MT) says.

While steelmaker MT is open to sharing the railway, it says it will not have any spare capacity even after it expands the line to an annual capacity of 20M metric tons by the end of next year.

The export route is vital for mines to be profitable at current prices.

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