Asset Report

Nimba (Yekepa) Phase 2 iron ore mine

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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, 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, which translates to a capital intensity of US$153/tonne. With the transfer of the Nimba Iron ore project, 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 01/01/2023)
  • Production
  • Production
  • Operations
  • Infrastructure
  • Cash costs
  • Cash costs
  • Capital costs
  • Product quality
  • Economic assumptions

What's included

This report contains:

  • Document

    Nimba Phase 2.xls

    XLS 158.00 KB

  • Document

    Nimba (Yekepa) Phase 2 iron ore mine

    PDF 1.68 MB