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MTS - ArcelorMittal SA News Story

€27.7 0.3  1.0%

Last Trade - 15/10/21

Sector
Basic Materials
Size
Large Cap
Market Cap £25.24bn
Enterprise Value £30.48bn
Revenue £45.81bn
Position in Universe 12th / 732

BRIEF-Arcelormittal And Liberia Sign Amendment To Mineral Development Agreement

Fri 10th September, 2021 5:26pm
Sept 10 (Reuters) - ARCELORMITTAL SA  MT.LU :
    * GOVERNMENT OF REPUBLIC OF LIBERIA AND ARCELORMITTAL SIGNED
AN
AMENDMENT TO MINERAL DEVELOPMENT AGREEMENT
    * CAPITAL REQUIRED TO FINALISE PROJECT IS EXPECTED TO BE
APPROXIMATELY $0.8 BILLION
    * INCLUDES CONSTRUCTION OF NEW CONCENTRATION PLANT AND
SUBSTANTIAL
EXPANSION OF MINING OPERATIONS, WITH FIRST CONCENTRATE EXPECTED
IN LATE 2023, RAMPING UP TO 15 MILLION TONNES PER ANNUM
    * MORE THAN 2000 JOBS ARE EXPECTED TO BE CREATED DURING
CONSTRUCTION PHASE, WITH LIBERIANS ENVISAGED TO FILL MAJORITY OF
ROLES CREATED

Source text for Eikon:  ID:nGNE4wBh6z 
Further company coverage:  MT.LU 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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