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Tuesday, August 19, 2014

...Luxembourg-based steel and mining company ArcelorMittal announced earlier in August that it has suspended the second phase of its iron-ore expansion project in Liberia meant to increase shipments from 4 million tonne-per-year to 15 million by the end of next year. The project cost was not disclosed.
“Due to the evolving situation of the current Ebola virus outbreak in West Africa, contractors working on the phase two expansion project have declared force majeure and are moving people out of the country. We are currently assessing the potential impact on the project schedule,” the company said in a statement on August 8.
According to published reports, the project's 15 contractors are evacuating about 650 employees. ArcelorMittal has an estimated 500 direct employees in Liberia and an additional 2,100 foreign and local contractors; it invested $1 billion in operations there last year. http://enr.construction.com/business_management/workforce/2014/0812-ebola-halts-some-construction-projects-in-west-africa.asp