ArcelorMittal to Expand Canada Mining Operations

Company says move will create 900 permanent jobs.

ArcelorMittal, the world's largest steel producer, said May 20 it will spend $2.2 billion to expand its mining complex in Quebec.

The investment will allow ArcelorMittal Mines Canada to increase its annual production of iron ore concentrate at its Mont-Wright mine to 24 million tons by 2013 from 14 million tons.

The company also is exploring an increase of iron-ore pellet production to 18.5 million tons from 9.2 million tons.

Once completed , the expansion is expected to create 900 permanent jobs.

The project is pending environmental and other regulatory approvals.

See also:

ArcelorMittal Profits Recover to $1 Billion

ArcelorMittal Takes 40% Stake in Thai Steel Firm

ArcelorMittal Trains for the Future

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