ArcelorMittal to Increase Mining Production, Die Welt Reports
ArcelorMittal (MT) plans to increase mining to become less dependent on suppliers such as BHP Billiton Ltd. (BHP) and Rio Tinto Plc (RIO), Die Welt said.
The company, which produced 54.1 million metric tons ore and 8 million metric tons coals last year, has placed a top priority on securing resources, the newspaper said, citing an interview with Frank Schulz, head of ArcelorMittal’s German unit.
ArcelorMittal already produces 42 percent of the iron ore it uses and aims to increase that to 77 percent by 2015 by using deposits in Canada and Liberia, Die Welt reported.
To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net
To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.