Fortescue Eyes Liberia Opportunities But Says No Deals Signed
- Iron ore giant hasn’t entered any pact with government: CEO
- Rail development could unlock iron ore exports from Guinea
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Fortescue Metals Group Ltd. has held talks in Liberia on opportunities in the West African nation, though disputes a government claim it’s already agreed to join a plan to upgrade the nation’s railways -- a key step to unlock iron ore riches in neighboring Guinea.
Andrew Forrest, the billionaire founder of the world’s No. 4 iron ore exporter, attended meetings in Liberia, including with President George Weah, to discuss philanthropic work “as well as potential future economic and development opportunities,” Chief Executive Officer Elizabeth Gaines said Thursday in a statement.