ArcelorMittal to reach 100 million mt iron ore output by 2015

On September 16, the world's largest steelmaker ArcelorMittal's head of mining, Peter Kukielski, said that the company plans to expand annual iron ore production to 100 million metric tons by 2015, with an investment of $4 billion.
 
The target is expected to be achieved through the development of greenfield mines in West Africa as well as through brownfield expansions and efficiency improvements at many of the group's mines.
 
ArcelorMittal holds iron ore assets having resources estimated at 19 billion metric tons in different locations including Canada, Kazakhstan, Liberia, Ukraine and Brazil.
 
Meanwhile, ArcelorMittal stated that it also has plans to further develop its coal assets by exploring additional opportunities with joint venture partners and reviewing opportunities in new markets.