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.”
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
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