Regulatory News:
ArcelorMittal, the world's largest integrated metals and mining company, today announced that it has signed an agreement to acquire the Mid Vol Coal Group.
Mid Vol, located in southern West Virginia and southwestern Virginia in the Central Appalachian Coal Basin, produced 1.5 million tons of metallurgical coking coal in 2007 and has estimated recoverable saleable reserves and resources in excess of 85 million tons.
Commenting, Aditya Mittal, Chief Financial Officer and member of ArcelorMittal's Group Management Board said:
"This acquisition further increases our upstream self sufficiency in a primary raw material during a time when metallurgical coking coal demand on a global scale remains strong. ArcelorMittal is currently the largest customer of Mid Vol and the quality of the coal produced meets that demanded by our coke making facilities. It is our intention to double the production level at Mid Vol in the short to medium term and permits have recently been granted to the operation which will facilitate this."
About ArcelorMittal
ArcelorMittal is the world's largest integrated metals and mining company, with over 310,000 employees in more than 60 countries.
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 over 20 countries across 4 continents exposes the company to all the key steel markets, from emerging to mature.
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).
For more information about ArcelorMittal visit: www.arcelormittal.com
Contacts:
Europe, +352 4792 2414
Americas,
+1 312 899 3569
Retail, +352 4792 2434
SRI, +44 203 214 2854
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
or
North America
Bill
Steers, +1 312 899 3817
Adam Warrington, +1 312 899 3596
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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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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
