In a bid to gear-up for completing first phase of mining in the West African nation by December, 2014, Sesa Goa is planning to invest $400 million in its Liberian iron ore mining project in 2-3 years. In this regard, the company has already invested about $35 million so far and has plans to spend about $100 million this year. While, in next 2-3 years the company will invest between $250 million to $400 million.
Sesa Goa, which had acquired Liberia's Western Clusters project for about $123.5 million has divided the project into several phases and has plans to ramp up production up to 30 MTPA by 2016-17.
