Luxembourg-based global steel giant
ArcelorMittal has announced that a scoping study has identified the potential to increase annual
production of
iron ore concentrate at
ArcelorMittal Mines
Canada to 30 million mt.
The company is considering several development options. In May 2011,
ArcelorMittal launched an investment program to increase annual
production at
ArcelorMittal Mines
Canada from 14 million mt to 24 million mt per year by 2013. This investment program is currently under implementation.
ArcelorMittal Mines
Canada is one of
Canada's leading suppliers of
iron ore to steel markets around the world, generating some 40 percent of
Canada's total
production.