Regulatory News:
ArcelorMittal (“the Company”) confirms it has completed its previously announced acquisition of three coal mines and associated assets in Russia for total consideration of US$718 million.
The Company has acquired a 97.9% stake in the Berezovskaya Mine together with a 99.46% stake in the Pervomayskaya Mine from Severstal. Both mines produce coking coal and are located in the Kemerovo Region.
As part of this agreement ArcelorMittal has acquired the exploration and mining rights to the Zhernovskaya-3 coal deposit, which is a subsidiary of the Pervomayskaya Mine. As previously announced, the company has also acquired the Severnaya Coal Preparation Plant which is part of the Berezovskaya Mine and three companies that provide the mines with associated services. Additionally the Company has completed its acquisition of 100% of the Anzherskoye mine in the Kemerovo Region.
Annual production from the three operating mines – which have a combined estimated total reserve of more than 140 million tons - was 3.14 million tons RoM in 2007. The Zhernovskaya-3 coal deposit has an additional estimated reserve of 46 million tons.
Notes to Editors
In 2007, the Beryozovskaya and pervomayskaya mines produced 1.77 million tons of coking coal concentrate.
About ArcelorMittal
ArcelorMittal is the world's largest and most global steel company, with 310,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 28 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
Contacts:
Europe, +352 4792 2414
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+1 312 899 3569
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Bonds/Credit,
+33 1 71 92 10 26
or
ArcelorMittal Communications
E-mail:
press@arcelormittal.com
Phone:
+352 4792 5000
or
ArcelorMittal Corporate Communications
Haroon
Hassan, +44 20 3214 2867
Jean Lasar, +352 4792 2359
or
Maitland
Consultancy:
Lydia Pretzlik / Martin Leeburn, +44 20 7379 5151
or
Belgium
Charles-Hubert
Gernaert, Comfi, +32 2 290 90 90
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Bill
Steers, +1 312 899 3817
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Netherlands
Smink,
Van der Ploeg & Jongsma
Leon Melens, +31 20 647 81 81
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Germany
Herring
Schuppener
Phoebe Kebbel, +49 69 92 18 74 77
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France
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7
Anne France Malrieu, +33 1 5370 7470
Tiphaine
Hecketsweiler, +33 1 5370 7470
or
Spain
Ignacio
Agreda, +34 94 489 4162
Oscar Fleites, +34 98 512 60 29
Keith
Grant, +34 639 760 397
