ArcelorMittal May Further Increase Production at ArcelorMittal Mines Canada
04/30/2012 - Results of a scoping study have allowed ArcelorMittal has identify the potential to increase annual production of iron-ore concentrate to 30 million tonnes per annum at its ArcelorMittal Mines Canada using the facility’s existing infrastructure system.
Based on results of a scoping study, ArcelorMittal says it has identified the potential to increase annual production of iron-ore concentrate to 30 million tonnes per annum at its ArcelorMittal Mines Canada using the facility’s existing infrastructure system.
The study follows the company’s May 2011 launch of 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.
The company said that several additional development options are currently being considered, with further expansions beyond that currently under implementation are being investigated.
“We have always known that ArcelorMittal Mines Canada is a flagship asset with considerable opportunity for expansion,” said Peter Kukielski, Member of the Group Management Board responsible for ArcelorMittal’s global mining business. “This latest study marks the next step in realizing that potential.”
The company said it will now commission pre-feasibility and feasibility studies for the production increase to 30 million tonnes per annum.
ArcelorMittal, the world's largest steel and mining company, has a presence in more than 60 countries. The company is a leader in 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.
In 2011, ArcelorMittal had revenues of $94.0 billion and crude steel production of 91.9 million tonnes, representing approximately 6% of world steel output. The Group's mining operations produced 54 million tonnes of iron ore and 8 million tonnes of metallurgical coal.
