VOL. NO: 48      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Liberian government and Mittal Steel conclude discussions

The Executive Mansion has disclosed that discussions between the Liberian government and the world's leading steel company, Mittal Steel, have been concluded. The Presidential Press Secretary, Cyrus Wleh Badio, confirmed to reporters that President Ellen Johnson Sirleaf has informed the nation upon her arrival back in the country that the agreement between the government and the steel company were concluded and that the company has agreed for the Liberian government to manage and control the seaport which were placed under the jurisdiction of the company when the agreement was previously negotiated under the former government. 

And Mittal Steel's activities in the area has been giving hope to the local inhabitants, for it has taken over the hospital and schools that were once operated by the Liberia America Mining Company (LAMCO), providing medical services and education to the inhabitants. And according to some of the local inhabitants, Mittal Steel have helped to boost the economic activities of the area by the infusion of a substantial amount of cash through the employment of some residents. 

Mittal Steel has spent several thousand dollars to renovate the Yekapa Hospital and schools within the LAMCO Area School System (LASS). According to the Administrator of the Yekapa Hospital (now known as the Mittal Steel Hospital), the 150-bed hospital is now fully functional as a result of the support from the company. People seeking medical treatment at the hospital will now fall into two categories: Mittal Steel contractors with their dependents and the non Mittal Steel contractors.

 

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