Tag: ArcelorMittal

Macarthur rejects Peabody, Arcelor bid

On Monday, August 1 Peabody Energy Corp. and ArcelorMittal went hostile with a takeover bid for Macarthur Coal Ltd valued at AUD 4.7 billion, after failing to persuade the Australia-based company's board to halt talks with

Six bidders short-listed for mine

ArcelorMittal, Vale and Xstrata are among six bidders short-listed to develop Mongolia's Tavan Tolgoi mine.

ArcelorMittal appoints Simon Wandke as CCO

ArcelorMittal has appointed Simon Wandke as the new Chief Commercial Officer of Marketing and Sales for its Mining division and a Vice-president of the company. Wandke will report to Peter Kukielski, Head of Mining and member of the Group Management Board.

ArcelorMittal makes changes to its board of direct

Francois Pinault will step down from his position as a member of the board of directors as approved at ArcelorMittal's Extraordinary General Meeting of Shareholders.

Aperam appoints directors

ArcelorMittal, as sole shareholder of Aperam, appointed two new independent members to the Board of Directors for Aperam on 21 January 2011 in Luxembourg.

ArcelorMittal, Nunavut extend deadline

ArcelorMittal has extended its USD 555 million offer to purchase all shares of Baffinland Iron Mines Corporation (Baffinland) until 11:59 p.m. on 21 January 2011, after its rival bidder Nunavut Iron Ore Acquisition Inc. (Nunavut Iron), sweetened and extended the deadline for its offer.

ArcelorMittal revamps stainless unit

ArcelorMittal's stainless steel division has published its European prospectus and demerger plan. They have devised a USD 250 million profit enhancement plan for their stainless steel division and renamed the division Aperam.

ArcelorMittal intiatives

ArcelorMittal published a human rights policy outlining the importance of safe working environments, respect for human rights and freedom of association wherever the company is present.

ArcelorMittal begins land acquisition

Arcelormittal began the land acquisition process required for their 12 million ton steel plant at Armo village in Jharkhand.

Bernard Fontana new CEO at Arcelor Mittal

ArcelorMittal has appointed Bernard Fontana as chief executive officer of its stainless division, which is being assessed for a potential spinoff.