The concession agreement with Prista was signed August 14, 2019 and approved by President George Weah on September 12, 2019. The concession agreement, Prista Port would manage the Port of Buchanan for 25 years. 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. 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 28, 2019 10:52 UTC