ArcelorMittal’s AM Mining may become fifth largest iron ore miner

AM Mining, the new company under which global steel giant ArcelorMittal will report its mining assets as of the end of the first quarter this year, could rank as the world's fifth largest iron ore producer by 2015 - according to a report by RBC Capital Markets.
 
As ArcelorMittal expects, by 2015 its self-sufficiency in iron ore supplies will reach 75 percent at least. Meanwhile, its annual iron ore production capacity is expected to expand by 108 percent by 2015, as compared to the current level. ArcelorMittal is also eyeing an increase in coal production. At present, its self-sufficiency in coal supplies is still below 20 percent.
 
ArcelorMittal's AM Mining may become the world's fifth largest iron ore miner by 2015, coming after Vale, Rio Tinto, BHP Billiton and FMG, and surpassing Anglo American plc.