Prista Oil Holding is the mother company of Prista Port Buchanan LLC. Of critical importance is that it awards the iron ore port and most of the associated facilities currently held by ArcelorMittal Liberia to Prista Port. Recently, representatives of the Prista Port approached ArcelorMittal in London and asserted that their concession would come into effect and that their company would eventually replace ArcelorMittal Liberia (AML) as the concessionaire. We reject this assertion by Prista Port and maintain that no valid concession can ever be granted that overlaps AML’s concession area. The iron ore company requested the government of Liberia to confirm that it has not ratified and would not ratify Prista Port concession agreement.

Source: Front Page Africa December 17, 2019 04:52 UTC