Ivanhoe Atlantic Inc. acknowledges that it has sent recent media attention to the letter dated May 3, 2025 to members of the Inter-Ministerial Concession Committee (“IMCC”) to his Excellency, President Joseph N. Boachey and CC’d. The company understands that the letter may have caused a crime to some of its recipients. The company confirms that this has apologised for not intent of the letter but may have been interpreted by its contents.
Mr. Burns spoke directly with President Boaches today to confirm his respect for his leadership and express his concern that the letter may have been misinterpreted. The conversation with President Boakai was straightforward and polite, and the parties expressed a sincere desire to work together and clearly focus on closing the current negotiations with the IMCC.
The company also points out with concern that letters that it was not publicly available to certain media outlets and was subject to media reports. Ivanhoe Atlantic can confirm that this disclosure did not originate from either Liberia or internationally from any of its team members.
Separately, Ivanhoe Atlantic granted the receipt of a formal notice from IMCC on May 9, 2025, withdrawing its previous communication on April 30, which had designated ArcelorMittal Liberia as the exclusive railway operator of Yekepa – Buchanan Railway for another 25 years. The company is grateful to the IMCC for his clear policy directions from His Excellency Boakai, who has repeatedly reaffirmed its commitment to an independent, multi-user rail access model following the expiration date of the current ArcelorMittal Liberia Mineral Development Agreement (MDA). This is a position that is strongly supported by international partners in Liberia, including the US. Therefore, the issues raised in Ivanhoe Atlantic’s three May letters are no longer a matter of concern given the decisive actions taken by the IMCC.
Ivanhoe Atlantic looks forward to building a constructive, long-term, mutually beneficial partnership between the government and the people of Liberia and conclude negotiations with the IMCC.
