Tata Steel is considering re-bidding for a $1.6 billion iron ore mine in Liberia in a response to the Liberian government’s invitation.
The Indian steel giant was barred from bidding in the Western Cluster as it was found allagedly voilating the norms, but later on Liberian government set aside the allegations.
The Western Cluster has estimated reserves of 3.4 billion tonne and the company is likely to take a look at the reserves and later take a final decision. The deadline for the bidding is May 15 and it is likely to be extended.
Global steel majors like ArcelorMittal and Severstal have steadily increased their presence in Liberia.