ArcelorMittal identifies potential to increase production of iron-ore concentrate at ArcelorMittal Mines Canada to 30 million...
26 Aprile 2012 - 8:00AM
Business Wire
Regulatory News:
ArcelorMittal today announces that a scoping study has
identified the potential to utilize ArcelorMittal Mines Canada’s
existing infrastructure system and to increase annual production of
iron-ore concentrate to 30 million tonnes per annum. Several
development options are currently being considered and further
expansions beyond that currently under implementation are being
investigated.
In May 2011, the company announced that it had launched an
investment program to increase annual production at ArcelorMittal
Mines Canada from 14 to 24 million tonnes per annum by 2013. This
investment program is currently under implementation.
Pre-Feasibility and Feasibility studies will now be commissioned
for the production increase to 30 million tonnes per annum.
Peter Kukielski, Member of the Group Management Board
responsible for ArcelorMittal’s global mining business, said: “We
have always known that ArcelorMittal Mines Canada is a flagship
asset with considerable opportunity for expansion. This latest
study marks the next step in realizing that potential.”
About ArcelorMittal
ArcelorMittal is the world's leading steel and mining company,
with a presence in more than 60 countries.
ArcelorMittal is the leader in all major global carbon steel
markets, including automotive, construction, household appliances
and packaging, with leading R&D and technology. The Group also
has a world class mining business with a global portfolio of over
20 mines in operation and development, and is the world’s 4th
largest iron ore producer. With operations in over 22 countries
spanning four continents, the Company covers all of the key
industrial markets, from emerging to mature, and has outstanding
distribution networks.
Through its core values of sustainability, quality and
leadership, ArcelorMittal commits to operating in a responsible way
with respect to the health, safety and well-being of its employees,
contractors and the communities in which it operates. It is also
committed to the sustainable management of the environment. 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. ArcelorMittal is a member of
the FTSE4Good Index and the Dow Jones Sustainability World
Index.
In 2011, ArcelorMittal had revenues of $94.0 billion and crude
steel production of 91.9 million tonnes, representing approximately
6 per cent of world steel output. The Group's mining operations
produced 54 million tonnes of iron ore and 8 million tonnes of
metallurgical coal.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (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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