Sesa Goa, Elenilto Project to Create 2,000 Jobs in Liberia Ore Project

Sesa Goa Ltd. (SESA), India’s largest iron- ore exporter, and Elenilto Minerals & Mining LLC will create more than 2,000 jobs over 25 years through their investment in Liberia’s Western Cluster Ltd., the country’s National Investment Commission said.

Western Cluster, which owns iron-ore deposits, will have an initial workforce of 200, Ciatta Bishop, an official from the commission, said in a statement in Monrovia, the capital. President Ellen Johnson Sirleaf today signed into law an agreement that will allow mining operations to proceed.

Sesa Goa and Elenilto will jointly invest more than $2.6 billion in Western Cluster and pay the government $41 million once the agreement is ratified.

To contact the reporter on this story: Terrence Sesay in Johannesburg at nseria@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net

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