ArcelorMittal Announces Acquisition of Concept Group

ArcelorMittal Announces Acquisition of Concept Group

ArcelorMittal, the world’s largest integrated metals and mining company, today announces that it has signed an agreement to acquire the Concept Group (“Concept”).

Concept, located in southern West Virginia and adjacent to the recently acquired Mid Vol Coal Group in the Central Appalachian Coal Basin, produced 0.8 million tons of metallurgical coking coal in 2007 and has control over recoverable saleable reserves and resources in excess of 57 million tons.

Commenting, Aditya Mittal, Chief Financial Officer and Member of ArcelorMittal’s Group Management Board said:

“With raw material costs continuing to soar, increasing our upstream self sufficiency in our primary raw materials is a critical component of our growth strategy. Concept’s proximity, on adjacent coal properties to our recently acquired Mid Vol operations means we can draw on the strength of both companies in increasing the combined production capacity. While Mid Vol’s expertise is in surface mining techniques, Concept’s expertise rests with underground mining methods however both operations have the potential for combining both practices. We look forward to integrating the Concept operations into the ArcelorMittal group.”

Notes to Editors

The reserve and resource figure is presented as per the Marshall Miller report commissioned by Concept using methodology outlined in United States Geological Survey (USGS) Circular 891 and United States Securities and Esxchange Commission (SEC) Industry Guide 7

About ArcelorMittal

ArcelorMittal is the world’s largest integrated metals and mining company, with over 310,000 employees in more than 60 countries.

ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in over 20 countries across 4 continents exposes the company to all the key steel markets, from emerging to mature.

ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal visit:


ArcelorMittal Investor Relations Europe, +352 4792 2414 Americas, +1 312 899 3569 Retail, +352 4792 2434 SRI, +44 203 214 2854 Bonds/Credit, +33 1 71 92 10 26 or ArcelorMittal Communications E-mail: Phone: +352 4792 5000 or ArcelorMittal Corporate Communications Haroon Hassan, +44 20 3214 2867 Jean Lasar, +352 4792 2359 or Maitland Consultancy: Lydia Pretzlik / Martin Leeburn, +44 20 7379 5151 or Belgium Charles-Hubert Gernaert, Comfi, +32 2 290 90 90 or North America Bill Steers, +1 312 899 3817 Adam Warrington, +1 312 899 3596 or Netherlands Smink, Van der Ploeg & Jongsma Leon Melens, +31 20 647 81 81 or Germany Markus Talanow, Phoebe Kebbel, Hering Schuppener +49 69 92 18 74 70 / +49 69 92 18 74 77 or France Image 7 Anne France Malrieu, +33 1 5370 7470 Tiphaine Hecketsweiler, +33 1 5370 7470 or Spain Ignacio Agreda, +34 94 489 4162 Oscar Fleites, +34 98 512 60 29

Keith Grant, +34 639 760 397

Source: ArcelorMittal

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