Which company's subsidiary, through Western Cluster Ltd (WCL), plans to invest $2 billion in Liberia for socio-economic development?

ANS:A - Vedanta

ArcelorMittal's subsidiary, through Western Cluster Ltd (WCL), plans to invest $2 billion in Liberia for socio-economic development. This substantial investment is focused on revamping and expanding iron ore mining operations in the Western Cluster region of Liberia, which includes the development of infrastructure, such as railways and ports, to facilitate the efficient export of iron ore. Beyond the mining sector, the investment is expected to have a significant positive impact on Liberia's economy by creating jobs, improving local infrastructure, and contributing to community development projects. ArcelorMittal's commitment through WCL underscores its long-term strategy to strengthen its operations in Africa while supporting the socio-economic growth of the communities in which it operates. The investment also reflects the company's focus on sustainable development and corporate social responsibility, aiming to foster a lasting positive impact in Liberia.