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Tata Steel Invited to Join Bidding Process for Mines in Liberia

12/29/2008 - Tata Steel is invited by the Ministry of Justice for the Republic of Liberia join the bidding process for the Western Cluster iron ore project in Liberia, following the dismissal of previous claims impropriety from the media.

Tata Steel has been invited by the Ministry of Justice for the Republic of Liberia join the bidding process for the Western Cluster iron ore project in Liberia.
 
The invitation was issued to Tata Steel as part of a communiqué from the Ministry of Justice, in which the Ministry said it had cleared Tata Steel of all previous allegations. The Ministry informed the company that the investigations had not shown any involvement by Tata Steel in any acts of impropriety, as had been alleged in media reports. The allegations were not substantiated by the investigation panel of Liberia's Public Procurement and Concession Commission. 
 
The communiqué was in response to Tata Steel's letter of remonstration to the Government of Liberia against the alleged acts of impropriety, as reported in the media. The company had denied the media reports and allegations in its letter, and had also expressed Tata Steel's anguish and protest against the media report, which had been published without checking the authenticity of reports or discussing the claims with the company. Tata Steel’s bid had been rated very high in terms of technical, financial and social aspects by international consultant, engaged by the Government of Liberia.
 
In addition to this notification received from the Ministry, the Appeals Board also decided that Tata Steel is eligible again to participate in the re-tendered bidding process for the Western Cluster Iron Ore deposits.
 
Tata Steel strives to be upfront and transparent in its dealings, in accordance with the company’s philosophy. Tata Steel and Tata Group said that they remain committed to improving quality of life for all the communities in its areas of operations and believe that they can favorably impact the population of Liberia in ensuring that benefits from its operations reach them.