ArcelorMittal Plans 2015 Iron Ore Mine

Minweb reported ArcelorMittal (NYSE:MT) plans to open an iron ore mine in South Africa by 2015.

As quoted in the market news:

CEO, Nonkululeko Nyembezi-Heita said that this would go some way to fill the 2mtpa gap left by Kumba’s Thabazimbi mine which is due for closure in 2016.

Kumba and ArcelorMittal are in dispute over participation rights in the plans to extend the life of Thabazimbi.

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