Output will be reduced by a third to 1 million tonnes and the job cuts will be carried out from September.
Bosnia Mining News
The Stanari coal-fired power plant in Doboj is the first privately-funded power plant in the Western Balkans.
Production at the mine was halted after talks on the deal with the Zeljeznice RS railway company collapsed last week.
The world's largest steelmaker operates a steel plant in the central Bosnian town of Zenica.
Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.
ArcelorMittal owns a steel plant in the central Bosnian town of Zenica where it processes iron ore from its mines in Prijedor in the north of the country.
The company sounded the alarm last week when the country's power regulator threatened to cut it off the grid because of unpaid bills.
Aluminij Mostar, Bosnia's sole aluminium smelter, is at risk from high alumina and electricity prices and only urgent government intervention can help it stay on line.
Officials halted rescue efforts, believing that five men who remained trapped underground were dead.