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ArcelorMittal to Build Iron Ore Mine in Canada
06/09/2012 - ArcelorMittal, the world’s top steelmaker, said recently that it would receive the approval to construct a new iron ore mine close to the Arctic.
ArcelorMittal, the world’s top steelmaker, said recently that it would receive the approval to construct a new iron ore mine close to the Arctic, helping it increase its self-sufficiency on raw material.
The project in question also includes a port and railway line, which is expected to cost CAD4 billion to C$5 billion and take five years for construction.
The port would be able to handle 30 million tons per year of iron ore, which will be targeted mainly to European markets, including external customers.
The project in question also includes a port and railway line, which is expected to cost CAD4 billion to C$5 billion and take five years for construction.
The port would be able to handle 30 million tons per year of iron ore, which will be targeted mainly to European markets, including external customers.
