ArcelorMittal welcomes the allocation of a mining lease in respect of the Karampada iron ore deposit to the Company by the Governments of India and Jharkhand for its integrated steel plant to be based in Jharkhand.
The Karampada iron ore deposit is located in West Singhbhum district of Jharkhand with estimated reserves of 65 million tons […]
June 11th, 2008 Tags: Americas, Amsterdam, Arcelor, ArcelorMittal, ArcelorMittal’s Group Management Board, Barcelona, Belgium, Bilbao, Brussels, crude steel production, distribution networks, France, Germany, India, integrated steel plant, Jharkhand, key steel markets, liquid steel production, Luxembourg, Madrid, Mittal Steel, New York, Paris, Spain, steel, steel plant, The Netherlands, Valencia, West Singhbhum
ArcelorMittal, the world’s largest and most global steel company, today announced that it has signed an agreement to acquire Bakermet, a market leader in the scrap metal recycling industry in Eastern Ontario, Canada.
Bakermet, which specializes in all types of ferrous and non-ferrous metal, processed approximately 130,000 short tons of ferrous and 40 million pounds of […]
June 9th, 2008 Tags: Americas, Amsterdam, Bakermet, Barcelona, Belgium, Bilbao, Brussels, Canada, crude steel production, distribution networks, Eastern Ontario, ferrous and non-ferrous metal, France, Germany, key steel markets, Luxembourg, Madrid, Mittal Steel, New York, Ottawa, Paris, scrap metal recycling industry, shredded metal, Spain, steel, The Netherlands, Valencia
On 19 May 2008, ArcelorMittal completed the pricing of a US$ denominated issue of 5 year and 10 year notes, consisting of US$3,000,000,000 aggregate principal amount split equally between the 5 year and the 10 year issue. The notes will bear interest at a rate of 5.375% for the 5 year and 6.125% for the […]
May 20th, 2008 Tags: Americas, Amsterdam, Arcelor, Barcelona, Belgium, Bilbao, Brussels, crude steel production, distribution networks, France, Germany, key steel markets, Luxembourg, Madrid, Mittal Steel, New York, Paris, Spain, steel, The Netherlands, United Kingdom, United States, Valencia
Bulgaria’s regulatory authorities have cleared ArcelorMittal subsidiary Mittal Steel Holdings AG to buy a number of Russia-based coal mining assets from Severstal (RTS: CHMF), the regulator said in a statement.
ArcelorMittal said on January 31 that it was buying a number of coal mining assets in […]
March 26th, 2008 Tags: ANZ, Arcelor, Bulgaria, Coal, coal mine, coal mining, Company, Energy, energy supply, Interfax, Kemerovo, mine, Mines, mining, Mittal Steel, Russia, Russian, Shares, steel, Yakutia
Anglo American plc`s Kumba Iron Ore Ltd is in dispute with Mittal Steel South African Ltd over a plan to expand the mining company`s biggest iron-ore operation.
The dispute centres on the Sishen mine in South Africa`s Northern Cape region, the company said in a statement in its annual report on Wednesday, without […]
May 3rd, 2007 Tags: Africa, America, Anglo America, Anglo American Plc, Arcelor, Arcelor Mittal, Company, Completion, Iron Ore, Labor, Luxembourg, mine, Miner, mining, Mittal Steel, Northern Cape, South Africa, steel
BRUSSELS – Arcelor Mittal, the company formed last year in the largest- ever takeover in the steel industry, said Wednesday that 2006 profit fell 3.5 percent because of higher taxes and it announced plans to hand $2.4 billion to shareholders.
Net income fell to $7.97 billion from $8.26 billion, based on figures calculated as if the […]
February 22nd, 2007 Tags: Amsterdam, Arcelor, Arcelor Mittal, bank, Brussels, Company, Completion, Earnings, Europe, Inco, India, Indonesia, London, Luxembourg, Market, mine, Miner, mining, Mittal Steel, Paris, Power, Price, Prices, Purchases, Shares, stainless steel, steel, steel industry, steel maker, steel makers, steel mill, steel prices, ThyssenKrupp, Trade
Jharkhand Chief Minister Madhu Koda has sought a fortnight from Arcelor Mittal Steel to settle the issue of iron ore supply. Jharkhand is unable to meet the steel giant’s demand of 600 million tonnes of iron ore for 30 years to set up a 12 million tonne steel plant.
Representatives from the company met Koda in […]
February 22nd, 2007 Tags: Arcelor, Arcelor Mittal, Asia, Asian, Company, Delhi, India, India Limited, Iron Ore, Jharkhand, Jindal, mechanised mining, mine, Mines, mining, Mittal Steel, New Delhi, Power, SAIL, Singh, State Government, steel, steel plant
Kumba Iron Ore, which listed late in 2006, has reported earnings per share of 84 cents for its first two months of existence to end-December. The company has also reported a R153 million expense arising from its sale of equity to the Sishen Iron Ore Company community trust, following the split of Kumba Resources last year.
February 16th, 2007 Tags: Company, Earnings, Export, fuel, I-Net bridge, Iron Ore, Iron Ore Company, Kumba Resources, Million Tons, mine, Mittal Steel, Price, Resources, steel
Kumba says it has re-commenced drilling on the disputed Faleme iron ore deposit in Senegal with permission from that countryâ€™s minister of mines. The countryâ€™s government and Mittal Steel, announced a deal over the same project last year which is where the dispute arose.
“We have not progressed on any specific legal impediments, or reached conclusions on […]
February 16th, 2007 Tags: Company, I-Net bridge, Iron Ore, mine, Mines, Mittal Steel, Senegal, steel
South Korean steelmaker Posco discussed ways to cooperate with the European steel company being created by the combination of Mittal and Arcelor on Friday, but said it reached no firm commitments. The meeting came amid increased consolidation and attempts to forge alliances in the global steel industry.
Mittal Steel Co. NV, based in the Netherlands, agreed to […]
February 2nd, 2007 Tags: Arcelor, Arcelor Mittal, Arcelor SA, Asia, Company, CONSOL, Europe, India, Japan, Korea, Labor, Lee, Luxembourg, Mexico, mining, Mittal Steel, Mittal Steel Co., Netherland, Nippon, Nippon Steel Corp., Oman, Posco, Price, Prices, Shares, South Korea, steel, steel industry, steel prices, Steelmakers, Tata Steel, The Netherlands
India’s Minister of State for Commerce and Industry Ashwini Kumar has invited global mining companies to invest in his country, while pointing out that a liberal policy had been formulated to facilitate the flow of overseas capital in the sector.
Addressing the chief executives of some of the largest mining companies of the world at the […]
January 27th, 2007 Tags: Africa, Alcan, Alcoa, America, Arcelor, Britain, Canada, Company, De Beers, Delhi, Democratic, Education, Environment, Export, India, Iron Ore, mine, Miner, Mineral, mining, Mittal Steel, New Delhi, Rita, Russia, South Africa, steel, Trade, World Economic Forum
The world’s largest steelmaker, Arcelor Mittal, signed an iron ore mining contract with Liberia that promises to pour more than a billion dollars (760 million euros) in investment into the war-ravaged state.
“This is a landmark project for both Liberia and for Mittal Steel,” said the head of the steelmaker’s Liberian operations, Joseph Mathews, before the […]
December 29th, 2006 Tags: Antoinette Sayeh, Arcelor, Arcelor Mittal, Company, Energy, Exchange, finance, Iron Ore, iron ore mining, Johnson, Liberia, mine, Mines, mining, Mittal Steel, Shannon, steel