ArcelorMittal (MT), the world's largest steelmaker, has raised its 2011 capital expenditure plans by 10% to $5.5 billion following the approval of a series of projects, the company's senior management said in a presentation.

ArcelorMittal approved the expansion of its Mont-Wright mining complex and additional construction at Port-Cartier in Canada. The investment is expected to allow ArcelorMittal Mines Canada to increase its annual production of iron ore concentrate from 16 million metric tons to 24 million metric tons by 2013.

ArcelorMittal has also started first production from its Liberian iron ore project and is planning its first commercial shipment in the third quarter.

ArcelorMittal has also approved the Vega Do Sul expansion plans in Brazil to increase hot dipped galvanized capacity by 0.6 million tons and cold rolled capacity by 0.7 million tons by 2014.

ArcelorMittal spent $3.3 billion on capital investments in 2010.

-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328; alex.macdonald@dowjones.com

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