ArcelorMittal is among the largest producers of iron ore. With a geographically-diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants, as well as supply the external global market.
We are active throughout the whole mining value chain – from exploration and development, to mining itself, concentration, pelletising, rail transportation and port operations.
Our aim is to create value through operational excellence and profitable growth, by controlling cost and capital expenditure, and by supplying products which are highly valued by our customers.
We care for the environment and our people, maintaining safety first, always.
A global footprint
With a geographically-diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants, as well as the external global market. While our steel operations are important customers, our supply to the external market is increasing.
We have a global portfolio of 14 operating units with mines in operation and development, and are among the largest iron ore producers in the world. In 2016, our mines and strategic contracts produced 62.9 million tonnes of iron ore and met 55% of the company’s iron ore requirements. We also produced 6.9 million tonnes of coking coal and PCI, meeting 15% of the company’s PCI and coal requirements.
We currently have iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, Ukraine and the United States. We also have coal mining activities in Kazakhstan and the United States. Our main mining products include iron ore lump, fines, concentrate, pellets, sinter feed, coking coal, PCI and thermal coal. As of December 31, 2016, our iron ore reserves were estimated at 4.2 billion tonnes run of mine and our total coking coal reserves were estimated at 254 million tonnes run of mine or 128 million wet recoverable tonnes.
Our long-life iron ore and coal reserves provide a measure of security of supply and an important natural hedge against raw material volatility and global supply constraints.
In 2013, we completed the expansion of ArcelorMittal Mines Canada from 16 million tonnes capacity to 24 million tonnes. This involved the commissioning of a new spirals line and concentrating plant, together with upgrades to the railway and Port-Cartier, now one of Canada’s largest private ports with the capacity to handle 160,000-plus tonne ships. Following the expansion, this is now a world-class operation currently operating well above its nominal capacity of 24Mt. The Mont-Wright mine produced 9.9 million tonnes of pellets and 15.1 million tonnes of concentrate in 2016.
Baffinland – which has one of the largest, highest-quality iron ore resources in the world – is owned 44.54% by ArcelorMittal and 55.46% by Nunavut Iron Ore Inc. Since August 2016, ArcelorMittal and Nunavut Iron Ore share operator rights for Baffinland’s operations. In August, 2015 Baffinland shipped the first Mary River iron ore. Baffinland also has a plan for Phase 3 (subject to shareholder approval, completion of a feasibility study and certain additional conditions), which involves the construction of a railway to replace the existing truck-haul operation for transport of iron ore from Mary River to Milne Inlet, as well as expansion of mining, crushing and screening operations and port shiploading capacity. The objective of Phase 3 is to increase production capacity to 12 million tonnes per year.
Safety in mines
We are committed to becoming the safest business in the metals and mining industry, with no fatalities or lost-time injuries.
> Learn more about safety in our mining business
With every mining project, we aim to create opportunities for sustainable regional development that will outlive our mining activity. We work with local communities to build skills and social infrastructure to ensure long-term development.
We are equally driven to mine responsibly and sustainably, minimising the impact of mining on the natural environment. We work closely with local communities to understand the regional environment and manage natural resources better.
In 2015 ArcelorMittal was recognised by the Clinton Global Initiative for its swift, collaborative, and effective response to the Ebola crisis in West Africa, including the foundation of the Ebola Private Sector Mobilisation Group (EPSMG) which included international advocacy for a global response to the Ebola outbreak, and the mobilisation of in-country resources to support humanitarian and healthcare first responders.
> Learn more about sustainability in our mining business
> Learn more about sustainability in our company