Asset Report
Nimba (Yekepa) Phase 2 iron ore mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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, but in April 2021 ArcelorMittal announced its decision to progress with the proposed Phase 2 expansion, which will produce 15 Mtpa of a sinter fines concentrate commencing in Q4 2024. The 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. Phase 1 and 2 combined have a total capital cost of US$2.3 billion, translating to a capital intensity of US$153/tonne. With the license transfers of the other projects in the Nimba range, the miner now holds a virtual monopoly.
Table of contents
- Summary
- Key issues
Tables and charts
This report includes 13 images and tables including:
- Nimba Phase 2 Emission Intensity Quartile ranking – total global production- tonnes of ore
- Detail Map
- Participation
- Marketable reserves (at 01/01/2024)
- Production
- Production
- Operations
- Infrastructure
- Cash costs
- Cash costs
- Capital costs
- Product quality
- Economic assumptions
What's included
This report contains:
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