Nimba (Yekepa) Phase 2 iron ore mine Report

Asset Report 13 March 2025

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Nimba (Yekepa) Phase 2 is the expansion of ArcelorMittal's Liberia's DSO operation. The company has been producing 5 Mtpa of DSO since 2011. Still, in April 2021, ArcelorMittal announced its decision to progress with the proposed Phase 2 expansion to produce 15 Mtpa Fe concentrate, which commenced production in late 2024. The initial US$1.4 billion capital cost will include the construction of a concentrator, a ship loader at Port Buchanan, and associated infrastructure. Operating costs will rise significantly as the DSO operation winds down and the concentrator ramps up. Recent planning revised the capex for Phase 2 to US$1.8 billion (from US$ 1.4 billion) to accommodate the expansion to 20 Mtpa of product, bringing the capital intensity of the combined phases to US$135/tonne. With the license transfers of other projects in the Nimba range, ArcelorMittal now holds a virtual monopoly in the region.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

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        Key issues
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<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
         <li class="list__item push-quarter--bottom">Nimba Phase 2 Emission Intensity Quartile ranking – total global production- tonnes of ore</li><li class="list__item push-quarter--bottom">Detail Map</li><li class="list__item push-quarter--bottom">Participation</li>
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            <li class="list__item push-quarter--bottom">Marketable reserves (at 01/01/2025)</li><li class="list__item push-quarter--bottom">Production</li><li class="list__item push-quarter--bottom">Production</li><li class="list__item push-quarter--bottom">Operations</li><li class="list__item push-quarter--bottom">Infrastructure</li><li class="list__item push-quarter--bottom">Cash costs</li><li class="list__item push-quarter--bottom">Cash costs</li><li class="list__item push-quarter--bottom">Capital costs</li><li class="list__item push-quarter--bottom">Product quality</li>
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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Nimba Phase 2.xls</p>
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<p class="font-regular" >Nimba (Yekepa) Phase 2 iron ore mine</p>
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    <span>PDF</span>
    <span>1.68 MB</span>
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