Arcelormittal Mining News

ArcelorMittal South Africa paying first fine instalment in parts

ArcelorMittal South Africa, which has agreed to pay a 1.5 billion rand ($116.85 million) fine for colluding to fix steel prices in five instalments.

ArcelorMittal says Kazakh coal miners end strike

Coal miners at ArcelorMittal's Kazakh unit ended their sit-in and emerged from the mines after offers of a pay rise and the threat of legal action.

ArcelorMittal coal miners widen strike in Kazakhstan

A sit-in by miners of ArcelorMittal's Kazakh unit widened to all of the firm's coal mines on Tuesday as hundreds of workers demanded a 100 percent wage rise.

Kumba becomes the sole owner of Sishen mine

South Africa has granted the miner, a unit of Anglo American, previously disputed mining rights at the operation, ending a seven-year dispute.

ArcelorMittal is selling LaPlace and Vinton steel plants in US

The steel giant has agreed to sell both operations to Black Diamond Capital Management for an undisclosed sum.

Vale reopens iron port for at least 60 days

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.

ArcelorMittal sued over pollution from US coke plant

PennEnvironment claims the steelmaker has repeatedly violated the federal Clean Air Act at its Monessen coke plant since the facility reopened last year.

ArcelorMittal cuts profit expectations for 2015 amid steel glut

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.

ArcelorMittal sells its coal mines to Russia's National Fuel Company

The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Report shows there are 39 assets in production within the Ebola-affected region.

Gold prices hurting miners? Throw Ebola into the mix

Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.

Baffinland Iron Ore begins mining in Canada’s Nunavut

The ore mined will be shipped during the open water season of 2015.

Business leaders call for greater global support against Ebola outbreak

A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.

Guinea on national emergency over Ebola, mining operations threatened

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.

West Africa Ebola outbreak forces miners to lock down operations, delay projects

After the WHO declared the current outbreak an “international public health emergency.”

ArcelorMittal buys Mount Nimba from BHP

The deposit in the south of Guinea boasts 935 million tonnes of 63.5% direct shipping ore.

ArcelorMittal back to profit despite challenging market conditions

The plunge in iron-ore prices is damping profits at the firm’s mining unit.

Glencore, ArcelorMittal seeking stake in Simandou: report

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.

BHP Billiton ready to offload Guinea iron ore stake

World's No. 1 steelmaker, ArcelorMittal, said to be the most likely buyer of BHP's stake in Mount Nimba.

ArcelorMittal Europe reports $79m operating profit

The world's largest steel producer expects global consumption to increase by approximately 3% to 3.5% this year.

Baffinland’s iron ore mine in Nunavut readies to start production

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.

World's biggest steelmaker 'cautiously optimistic' about 2014

ArcelorMittal expects steel shipments to increase by 3% this year.

'Nothing positive' in Mexico's political environment for ArcelorMittal, says CEO

CEO of ArcelorMittal's Mexico division says high energy costs, a new mining tax and unfair foreign competition make work in Mexico difficult.

Anglo American’s Kumba, ArcelorMittal reach iron ore supply deal

The deal, effective Jan. 1, marks the end of all existing legal battles between the two companies.

ArcelorMittal lost $3.7 billion in 2012, faces violent protests

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.