Mittal Steel Kriviy Rih to invest in mining segment

Mittal Steel Kriviy Rih, Ukrainian subsidiary of the world's largest steelmaker Arcelor Mittal, has announced its intention to invest about $130 million in the development of its mining segment, which will allow it to increase its iron ore mining output from 18.3 million metric tons mined in 2006 up to 30 million metric tons in 2009. The company's iron ore dressing unit (GOK) director, Mr. Georgiy Kozenko, emphasized that the current year would be the year of the development of the company's mining segment, foreseeing an increase in the company's iron ore mining and processing to a maximum level of 30 million metric tons by 2009. Mr Kozenko also added that in 2007 Mittal Steel Kriviy Rih plans to mine approximately 20.5 million metric tons of iron ore, and produce 8.25 million metric tons of iron ore concentrate and 8.26 million metric tons of agglomerate.