ArcelorMittal Upgrades 2011 Capex 10% to $5.5 Billion
27 Luglio 2011 - 8:45AM
Dow Jones News
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
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Lug 2023 a Lug 2024