Tag: ArcelorMittal

ArcelorMittal: CAD $2.1 billion dollar investment

ArcelorMittal announced on May 20th the expansion of its Mont-Wright mining complex and additional construction at Port-Cartier. The investment will allow ArcelorMittal Mines Canada to increase its annual production of iron ore concentrate from 14 million tons to 24 million tons by 2013. AMMC is also evaluating increasing its production of iron ore pellets from 9.2 million tons to 18.5 million tons. The scheme represents a total investment of CAD $2.1 billion dollars that will create 8,000 jobs during construction and more than 900 permanent jobs once completed. This project is subject to environmental and other regulatory approvals.