WCL is a subsidiary under Bloom Foundation that is planning to invest $2 billion in Liberia’s social and  economic development. Western Cluster Limited is wholly owned by Bloom Fountain which is a  subsidiary of Vedanta Ltd. The company mentioned that WCL is a key factor for Liberia’s mining sector  that acts as a catalyst for its growth and it is planning to invest the $2 billion amount to help them  develop in the socio-economic region. 

The initiatives proposed by WCL include community engagement, infrastructure development, and  creating openings for employment, especially in local communities. The company has invested more  than 300 million USD in the social and economic development of this region since its commencement.  The company has made various contributions to community development by raising funds and working  on its infrastructure projects.  

The CEO of Vedanta Sesa Goa, Navin Jaju mentioned that the company is aiming to work as a catalyst  for the socio-economic development of Liberia and empower local communities through operational  expansion and generating employment opportunities. The firm is bringing seven decades of iron ore  mining experience to help Liberia in development. Western Cluster claims to have the potential of 3  billion tons of iron ore and 30 million tons of annual production.  

The company is based on exploring, mining, and marketing iron ore and managing investment activities  with other companies. This initiative is taken by the company to unlock the hidden potential of Liberia  and help them empower local communities. WCL mentioned that the investment is divided into parts,  $300 million will be utilized in the socio-economic development of the region and helping them build  their communities. The $2 billion will be used for the next five years in revolutionizing the region. The  $15 million will be used on product concentration plants across three leases.  

Conclusion: 

Vedanta Limited the parent company of Western Cluster Limited announced the investment of $2  billion in the social and economic development of Libera. The company mentioned that WCL is a key  factor for Liberia’s mining sector that acts as a catalyst for its growth and it is planning to invest the $2  billion amount to help them develop in the socio-economic region. The company has invested more  than 300 million USD in the social and economic development of this region since its inception. The  company has made various contributions to community development by raising funds and working on  its infrastructure projects. The firm is aiming to work as a catalyst for the socio-economic development  of Liberia and empower local communities through operational expansion and generating  employment opportunities. Western Cluster claims to have the potential of 3 billion tons of iron ore  and 30 million tons of annual production. The company is based on exploring, mining, and marketing  iron ore and managing investment activities with other companies. This initiative is taken by the  company to unlock the hidden potential of Liberia and help them empower local communities.