Grand Bassa County: History
The port of Buchanan was constructed by LAMCO to serve the export of iron ore carried through the railway from Nimba. The civil war destroyed the port, railway, and township built by LAMCO. In 2005, LAMCO's facilities were taken over by ArcelorMittal, which has begun a gradual reconstruction. The once bustling port became a ghost town until the arrival of ArcelorMittal and the consequent prospects of employment. Under terms of a 2005 agreement with the national government, ArcelorMittal will give USD1 million each year to the county for iron ore exploitation, though these terms were revised in 2007.