ArcelorMittal holds 2010 Investor Day
16 Settembre 2010 - 2:00PM
Business Wire
Regulatory News:
ArcelorMittal today holds its annual investor day simultaneously
in New York and London. Company presentations include Chairman and
CEO Lakshmi Mittal discussing the future of its business and CFO
Aditya Mittal providing insight into the Group’s strategy.
GMB Member Gonzalo Urquijo provides details of planned further
sustainable management gains of US$2.0 billion by 2012, arising
largely from improvements to industrial processes. The
company’s head of mining, Peter Kukielski, also reveals plans to
expand annual iron ore production to 100 million tonnes by 2015,
requiring capital investment of approximately US$4.0 billion during
the period. The target is expected to be achieved through
greenfield mines development in West Africa as well as brownfield
expansions and efficiency improvements at many of the Group’s
mines.
ArcelorMittal also has plans to further develop its coal assets
by exploring further opportunities with joint venture partners and
reviewing opportunities in new frontiers.
Lakshmi Mittal, Chairman and CEO, said in London: “ArcelorMittal
is a stronger company after the crisis. We now have more
efficiency, a stronger balance sheet, lower costs and a very clear
steel and mining growth strategy keeping in line with our financial
objectives.”
Copies of the presentations can be found on the company's
website, www.arcelormittal.com.
Forward-looking statements
This document may contain forward-looking information and
statements about ArcelorMittal and its subsidiaries. These
statements include financial projections and estimates and their
underlying assumptions, statements regarding plans, objectives and
expectations with respect to future operations, products and
services, and statements regarding future performance.
Forward-looking statements may be identified by the words
“believe,” “expect,” “anticipate,” “target” or similar expressions.
Although ArcelorMittal’s management believes that the expectations
reflected in such forward-looking statements are reasonable,
investors and holders of ArcelorMittal’s securities are cautioned
that forward-looking information and statements are subject to
numerous risks and uncertainties, many of which are difficult to
predict and generally beyond the control of ArcelorMittal, that
could cause actual results and developments to differ materially
and adversely from those expressed in, or implied or projected by,
the forward-looking information and statements. These risks and
uncertainties include those discussed or identified in the filings
with the Luxembourg Stock Market Authority for the Financial
Markets (Commission de Surveillance du Secteur Financier) and the
United States Securities and Exchange Commission (the “SEC”) made
or to be made by ArcelorMittal, including ArcelorMittal’s Annual
Report on Form 20-F for the year ended December 31, 2009 filed with
the SEC. ArcelorMittal undertakes no obligation to publicly update
its forward-looking statements, whether as a result of new
information, future events, or otherwise.
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with
operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets,
including automotive, construction, household appliances and
packaging, with leading R&D and technology, as well as sizeable
captive supplies of raw materials and outstanding distribution
networks. With an industrial presence in over 20 countries spanning
four continents, the Company covers all of the key steel markets,
from emerging to mature.
Through its core values of sustainability, quality and
leadership, ArcelorMittal commits to operating in a responsible way
with respect to the health, safety and wellbeing of its employees,
contractors and the communities in which it operates. It is also
committed to the sustainable management of the environment and of
finite resources. ArcelorMittal recognises that it has a
significant responsibility to tackle the global climate change
challenge; it takes a leading role in the industry's efforts to
develop breakthrough steelmaking technologies and is actively
researching and developing steel-based technologies and solutions
that contribute to combat climate change.
In 2009, ArcelorMittal had revenues of $65.1 billion and crude
steel production of 73.2 million tonnes, representing approximately
8 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on
the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information about ArcelorMittal visit:
www.arcelormittal.com
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