South Africa has granted the miner, a unit of Anglo American, previously disputed mining rights at the operation, ending a seven-year dispute.
Arcelormittal Mining News
The steel giant has agreed to sell both operations to Black Diamond Capital Management for an undisclosed sum.
The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important ports.
PennEnvironment claims the steelmaker has repeatedly violated the federal Clean Air Act at its Monessen coke plant since the facility reopened last year.
The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.
The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.
Report shows there are 39 assets in production within the Ebola-affected region.
Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.
The ore mined will be shipped during the open water season of 2015.
A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.
Tighter border controls are set to disrupt the flow of essential supplies and even workers trying to get to work at the African country's mining operations, companies say.
After the WHO declared the current outbreak an “international public health emergency.”
The deposit in the south of Guinea boasts 935 million tonnes of 63.5% direct shipping ore.
The plunge in iron-ore prices is damping profits at the firm’s mining unit.
They would be going for the northern portion of the massive iron ore deposit, seized from Israeli billionaire Beny Steinmetz and mining giant Vale in April.
World's No. 1 steelmaker, ArcelorMittal, said to be the most likely buyer of BHP's stake in Mount Nimba.
The world's largest steel producer expects global consumption to increase by approximately 3% to 3.5% this year.
The company will soon begin transporting ore up to Milne Inlet, where it will wait to be loaded onto ships during the open water season of 2015.
ArcelorMittal expects steel shipments to increase by 3% this year.
CEO of ArcelorMittal's Mexico division says high energy costs, a new mining tax and unfair foreign competition make work in Mexico difficult.
The deal, effective Jan. 1, marks the end of all existing legal battles between the two companies.
Stocks at the world’s top steelmaker by sales, ArcelorMittal (NYSE:MT), were down 1.71% at 10:09 am ET this morning after the company announced Wednesday a $3.7 billion net loss for 2012.
The consortium includes South Korean steelmaker POSCO and Taiwan-listed China Steel.
ArcelorMittal, the world's largest steel producer, is considering to sale a stake in its $10 billion Canadian iron ore business, in an attempt to weather the slump in its key commodity, reports FT.
ArcelorMittal identifies potential to increase production of iron-ore concentrate at ArcelorMittal Mines Canada to 30 million tonnes per annum
ArcelorMittal today announces that a scoping study has identified the potential to utilize ArcelorMittal Mines Canada’s existing infrastructure system and to increase annual production of iron-ore concentrate to 30 million tonnes per annum.