Tag: ArcelorMittal

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.  

New CEO for ArcelorMittal Kriviy Rih

ArcelorMittal has announced that it has appointed Mr Rinat Starkov as the new CEO of OJSC ArcelorMittal Kriviy Rih Mr Starkov replaces Mr Jean Jouet who has now left the company.

Looking forward to Duplex World 2010

In an exclusive interview, Elisa Hannan discusses her thoughts about the upcoming Duplex World 2010 Exhibition and Conference.

Stainless steel unit

ArcelorMittal has annocuned plans to spin off its stainless steel unit to the parent's shareholders, signaling the failure of years of talks among producers aimed at consolidating an industry beset by over capacity and increasing costs.

BHP Billiton and ArcelorMittal may combine assets

BHP Billiton has entered into preliminary discussions with ArcelorMittal about potentially combining the two companies' iron ore interests in Liberia and Guinea into a single joint venture.

ArcelorMittal denies stainless steel JV

ArcelorMittal has announced that it has no intention to dispose of its stainless steel business despite a Financial Times report saying it was considering either a disposal or a joint venture of its stainless steel division.