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.

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