Monrovia, January 30, 2026: The Liberian Senate has overwhelmingly passed the Third Amendment to the Mineral Development Agreement (MDA) between the Government of Liberia and ArcelorMittal Liberia (AML), marking a major milestone in the country’s extractive sector and economic development agenda. The passage follows years of negotiations between the Government and ArcelorMittal Liberia. However, that version was rejected by the National Legislature in March 2022 over concerns about fairness and national benefits. At the center of the new amendment is a strong revenue framework designed to boost government finances and community development. The government will receive 30 percent of net profits from temporary rail rental arrangements and 100 percent of access fees from other users, creating a new revenue stream while promoting broader mining development.