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ArcelorMittal to become world's fifth-biggest iron ore producer.

Issued at 2011-04-03



An analysis released this week by Canadian investment bank RBC reports that steel giant ArcelorMittal, which recently invested on its own iron ore mining activities to secure supplies, is likely to rank fifth at the world's top producers of the metal. The bank expects that, with small incremental volume improvements in existing operations and the steady volumes coming on from the Liberian mines, ArcelorMittal will reach 75% of self sufficiency until 2015.

The steel mill is already more than 80% self sufficient in coke needs, but it still remains less than 20% self sufficient in other coals. The RBC forecast would rank its iron ore business as the fifth-largest iron ore producer globally, overtaking Anglo American and ranking behind Vale, Rio Tinto, BHP Billiton and Fortescue in that order.


Source: Geólogo



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