ArcelorMittal Hits 1 Million Tons Of Iron Ore Shipped From Liberia
19 Marzo 2012 - 11:31AM
Dow Jones News
Steel titan ArcelorMittal (MT) said Monday that it is in the
process of shipping its one millionth ton of iron ore from Liberia
since it began operations last year, and is on track to ship 4
million tons of the steelmaking raw ingredient in 2012.
The company said it is shipping its one millionth ton of direct
shipping iron ore from the Buchanan terminal to a customer in
China.
"Production has been operating at an annualized rate of 4
million tons per annum since late 2011 and the company is now in
commercial ramp up phase with trial cargoes being dispatched to
global steel mills," the company said.
Kleber Silva, Vice President and Head of ArcelorMittal Iron Ore
Operations said "the company is on track to reach its targets and
has plans to be capable of loading cape size vessels via offshore
loading from late 2012, with ore destined [to] iron and steel mills
in Europe and Asia."
ArcelorMittal aims to increase its total iron ore production to
100 million tons a year by 2015. It invested $800 million to
rehabilitate the railroad, port, and infrastructure around the mine
in Yekepa in Liberia.
The steelmaker said around 91% of the people working at the mine
are local Liberians.
-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328;
alex.macdonald@dowjones.com
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