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'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 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 began the land acquisition process required for their 12 million ton steel plant at Armo village in Jharkhand.
ArcelorMittal has appointed Bernard Fontana as chief executive officer of its stainless division, which is being assessed for a potential spinoff.
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.