ArcelorMittal today announces that a scoping study has identified the potential to utilize ArcelorMittal Mines Canada’s existing infrastructure system and to increase annual production of iron-ore concentrate to 30 million tonnes per annum.

Several development options are currently being considered and further expansions beyond that currently under implementation are being investigated.

In May 2011, the company announced that it had launched 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.
Pre-Feasibility and Feasibility studies will now be commissioned for the production increase to 30 million tonnes per annum.
Peter Kukielski, Member of the Group Management Board responsible for ArcelorMittal’s global mining business, said: “We have always known that ArcelorMittal Mines Canada is a flagship asset with considerable opportunity for expansion.  This latest study marks the next step in realizing that potential.”

About ArcelorMittal

ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2023 generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel and, 42.0 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
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