ArcelorMittal Liberia: Championing National Development Through Record-Breaking Tax Contributions

MONROVIA, Liberia (November 24, 2024) – ArcelorMittal Liberia (AML) has reaffirmed its role as a key driver of Liberia’s development by emerging as one of the top contributors to government revenue for 2022 and 2023. This achievement was celebrated through four prestigious awards conferred by the Liberia Revenue Authority (LRA).

The accolades underscore AML’s dual commitment to sustainable mining and substantial tax contributions, which directly support Liberia’s economic growth and public service delivery. As the country grapples with domestic resource mobilization challenges, the reliance on corporate taxpayers like AML remains crucial in funding programs that impact millions of citizens.

Over the years, AML has demonstrated consistency in aiding government efforts to advance education, healthcare, and infrastructure development. These contributions serve as a lifeline for communities historically deprived of critical resources, promoting inclusive progress across Liberia.

At the LRA’s recent Taxpayers Appreciation & Awards event, AML was honored as the ‘Highest Contributor Overall for 2022,’ the ‘Second Highest Contributor Overall for 2023,’ and the ‘Highest Custom Duty Paying Concessionaire’ for both years. These recognitions highlight AML’s steadfast commitment to its tax obligations, reinforcing its dedication to Liberia’s development.

AML’s contributions are foundational to the government’s ability to improve essential sectors such as education, healthcare, and infrastructure. These investments not only enhance the quality of life for Liberians but also create a skilled workforce capable of driving the country’s economic transformation. Through expanded educational opportunities, improved healthcare facilities, and enhanced transportation networks, AML has significantly contributed to strengthening Liberia’s public utilities and fostering economic resilience.

In Nimba County, where AML’s operations are based, infrastructure advancements such as better roads and expanded access to essential services have stimulated local economic activities. Small businesses, farmers, and students now enjoy improved access to markets and schools, exemplifying the company’s role in bridging regional disparities and enabling sustainable development.

The awards from the LRA reflect the value of AML’s integrated approach to corporate responsibility, which goes beyond tax compliance to encompass social investment and environmental stewardship. By reinvesting in local communities, AML sets a benchmark for corporate citizenship, demonstrating how businesses can thrive while contributing to national prosperity.

Speaking at the awards ceremony, AML’s Head of Sustainability and External Relations, Marcus S. Wleh, expressed gratitude to the Liberian government and communities for creating an enabling environment for businesses to succeed. He emphasized that AML’s contributions are part of a broader partnership aimed at advancing Liberia’s development agenda.

Through collaborative initiatives, AML has supported job creation, educational programs, and healthcare improvements, reinforcing its reputation as a dependable partner in Liberia’s progress. By aligning its corporate goals with national priorities, AML showcases the transformative potential of public-private partnerships in achieving sustainable development.

As Liberia continues its development journey, AML’s exemplary contributions demonstrate that corporate success and societal well-being can coexist. By committing to tax compliance, social impact, and economic empowerment, ArcelorMittal Liberia solidifies its role as a cornerstone of Liberia’s growth, inspiring other companies to follow its lead in building a brighter future for all.