Post #484

🌐Struggle for the Iron Throne ⏱ There’s a joke that the width of an ancient Roman horse’s backside determined the width of the roads the Romans built in Britain, which in turn determined the gauge of U.S. railroads, limiting the size of rocket boosters that could be transported via them in the 20th century. Another legacy of Roman horses is the feud now unfolding between Ivanhoe Atlantic and ArcelorMittal overWest Africa’s iron. ⏩Yesterday Liberia ratified an agreement with the Luxembourg-based company ArcelorMittal, extending the company’s rights to the Tokadeh iron deposit until 2075. The agreement also secures ArcelorMittal’s access to the Yekepa-Buchanan railway. The company reportedly plans to quadruple its ore production. ⏩This aggressive staking of market is causing stress among competitors —especially the American company Ivanhoe Atlantic, which recently obtained permission to use the same railway to transport ore from Guinea. However, given ArcelorMittal’s expansion, the road will not be enough for both, experts say. ❗️ Unconfirmed rumours suggest these difficulties among others have already led to the resignation of the head of the American company few days ago. ➡️ Stay informed - @devilsbelow