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...Cleveland-Cliffs was founded in 1847 to mine iron ore in the Great Lakes region....
...The iron ore loader rising more than 20 metres into the sky at ArcelorMittal’s berth at Buchanan port is testament to the multinational company’s ambitions in Liberia....
...When Ebola broke out in west Africa, ArcelorMittal, with mines in Liberia, moved swiftly to protect its operations. However, the company soon decided that it needed to do more....
...The government, fearing social unrest, has pressed its mines to maintain employment....
...Bill Scotting, who ran the mining division of ArcelorMittal, the steelmaker, said business as usual was not an option for the underperforming Belgian company and decisive action was needed....
...In the short term, steel imports continue to hammer domestic steel producers,” said a spokesperson for ArcelorMittal, which owns both mines and steel mills in the Great Lakes region....
...Mines Canada. http://bit.ly/VsWGf7 S Korean legislature limits chain stores Large chain stores will be required to close between midnight and 10am and at least two days a month in a measure passed to help...
...ArcelorMittal and Anglo American, Africa’s largest steelmaker and iron ore producer respectively, both claimed victory when ICT lost its 21.4 per cent prospecting rights over the Sishen iron ore mine, one...
...With 2.5bn tonnes of reserves, “there is enough iron ore to mine for a very long time”, says Mr Goel. Much of the $800m invested by ArcelorMittal has been into the railway and the port....
...It is also important to two of the largest heavy industries, mining and steelmaking, and affects the profitability of miners such as BHP Billiton, Rio Tinto and Vale, and steelmakers like ArcelorMittal,...
...The smelters and mines are gradually being replaced by the buildings of today’s industrial groups....
...In recent years the company has not bought any new mines to add to its Australian coal mining base, although it owns undeveloped coal deposits....
...BHP plans to spend $80bn building and expanding mines in the five years to 2015. Yet the preference may be changing....
...Macarthur Coal was the biggest gainer after it received a bid from ArcelorMittal, the European steelmaker, and Peabody Energy, the US coal producer, valuing the company at A$4.7bn....
...ArcelorMittal this month joined Peabody Energy of the US to make an A$4.7bn bid for Macarthur Coal, the Australian miner....
...Steelmaker ArcelorMittal on Monday extended its C$550m offer for Baffinland Iron Mines for another two weeks to compete with a rival offer from Nunavut Iron Ore....
...ArcelorMittal South Africa has secured its re-entry into the Sishen project, Africa’s biggest iron ore mine, with the R800m ($110m) acquisition of Imperial Crown Trading, which owns a stake in the mine....
...It is taking bids for its thermal coal mines in northern Colombia, which could fetch up to $8bn....
...Weekend headlines from the FT and other UK media*: From The FT, - Nunavut increases bid for Baffinland Iron Mines - CVS to buy Universal’s Medicare unit - Borders shares tumble on payment delays...
...FT ArcelorMittal Boldness in Business Award winner: Newcomer Groupon has come a long way since it launched a simple online offer in Chicago in October 2008: pay $10 for a coupon that will buy you $20-worth...
...However, Asian steelmakers including Posco are more sensitive to the change in the pricing system due to their higher dependence on overseas miners, compared with ArcelorMittal, which has its own mines....
...In the US, the largest producers, US Steel and ArcelorMittal, are vertically integrated, owning their iron ore mines....
...Several high-cost zinc mines and aluminium smelters around the world have shut down in recent months and in the past two weeks large mining and metals companies including Rio Tinto, Posco and Arcelor Mittal...
...As an aside, ArcelorMittal, the world’s biggest steelmaker, holds 33 per cent of Valin Steel’s Shenzhen-listed unit Hunan Valin Steel Co, but is not a player in this deal....
...ArcelorMittal was in focus after it pledged to pay $810m for the Brazilian iron ore assets of London Mining. The UK-based mine developer, which is listed in Oslo, rose 16.1 per cent to NKr32.50....
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