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30 Apr 2007

Global Witness

Mittal Steel did the right thing – will Firestone? [Liberia]

Mittal Steel [part of Arcelor Mittal] has moved one step closer to living up to its corporate social responsibility pledges by renegotiating its deeply unfair $900 million iron ore concession agreement with war-ravaged Liberia. However, Liberia's other major multinational investor, rubber giant Firestone [Bridgestone-Firestone, part of Bridgestone], must follow suit as it renegotiates its 2005 rubber agreement with the Government of Liberia... "Predatory and unfair investments in natural resources in developing countries, especially post-conflict countries, set back development. In countries coming out of wars that were fuelled by natural resources, deals like this are playing with fire..." said Patrick Alley, Director of Global Witness.

Part of the following timelines

Liberia: Global Witness says revised Mittal Steel contract with Govt. will bring greater benefits to Liberia - calls on Firestone to follow suit

Firestone lawsuit (re Liberia)