MONROVIA, Liberia — The Liberian government has formally approved the Environmental and Social Impact Assessment for Ivanhoe Atlantic’s $1.8 billion Kon Kweni iron ore project, a critical step towards production.
The project, which is part of the Liberty Corridor deal, is set to become a key Western supply route for iron ore, challenging the dominance of the China — backed Simandou mine by targeting markets outside of China.
Despite facing scrutiny in the U. S. Over alleged Chinese ties, Ivanhoe Atlantic has vigorously denied these claims, emphasizing its commitment to US-aligned supply chains and national security.
The approval paves the way for the development of transport and logistics infrastructure, including rail upgrades and improvements to Buchanan port, which will enhance Guinea’s ability to export iron ore to international markets. Paragraph:.
The Kon Kweni project’s green-lighting represents a significant victory for the U. S. In its efforts to strengthen Western supply chains in the iron ore sector, potentially reshaping regional economic landscapes and international trade dynamics.
Source: Africa. Businessinsider
