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Luxembourg, 30 January 2013 – ArcelorMittal today announces the publication of sell-side analysts’ consensus forecasts for ArcelorMittal’s 2012 fourth quarter EBITDA. The consensus figures are based on analyst estimates recorded on an external web based tool to be provided and managed by an independent company called Vuma Financial Services Limited (trade name: Vuma Consensus). To …
Luxembourg, 10 January 2013 – ArcelorMittal (the “Company”) announces the pricing of its combined offering of ordinary shares and mandatorily convertible subordinated notes (“MCNs”) announced earlier today (the “Combined Offering”). The total aggregate proceeds from the Combined Offering are approximately USD 4.0 billion (before deduction of commissions). The ordinary shares offering represents an aggregate amount of …
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH TO DO SO WOULD BE PROHIBITED BY APPLICABLE LAW Luxembourg, 9 January 2013 – ArcelorMittal (the “Company”) announces today its intention to offer common stock (“the Shares”) and mandatorily convertible subordinated notes (the “MCNs”) for …
Luxembourg, 2 January 2013 – ArcelorMittal announces today that it has entered into an agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by POSCO and China Steel Corporation (CSC) will enter into a joint venture partnership that will own ArcelorMittal’s Labrador Trough iron ore mining and infrastructure …
Luxembourg, 21 December 2012 – ArcelorMittal today announced it expects to write down the goodwill in its European businesses by approximately US$4.3bn. This follows the completion of its yearly goodwill impairment test, as required by IFRS accounting standards. The write down will take the form of a non-cash impairment charge that will be recorded in the fourth …
Luxembourg, 20 December 2012 – ArcelorMittal announces the extension of the conversion date for the $1bn privately placed mandatory convertible bond (MCB) issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is mandatorily convertible into preferred shares of such subsidiary, was executed on 18 December 2012. …
Luxembourg, 13 December 2012 – ArcelorMittal and Nunavut Iron Ore, Inc., a subsidiary of Iron Ore Holdings, LP and a company in The Energy and Minerals Group, have agreed that Nunavut Iron Ore will increase its interest in Baffinland Iron Mines Corporation (Baffinland) from 30% to 50%. In consideration, Nunavut Iron Ore will increase its share …
President Francois Hollande said Tuesday that nationalising ArcelorMittal’s plant in northeastern France would be on the table in talks later with the steel giant’s chief Lakshmi Mittal. “The nationalisation is part of the subjects of the discussion,” Hollande told a joint press conference with Belgian Prime Minister Elio Di Rupo, adding that this would apply …
Luxembourg, 15 November 2012 – JOINT ANNOUNCEMENT BETWEEN ARCELORMITTAL AND MRS DAPHNE MASHILE-NKOSI IN RESPECT OF THE AGREED SALE AND PURCHASE OF ARCELORMITTAL’S 50% STAKE IN KALAGADI MANGANESE (PTY) LIMITED (“KALAGADI MANGANESE”) ArcelorMittal and Mrs Daphne Mashile-Nkosi are pleased to announce that a definitive agreement has been reached whereby Mrs Mashile-Nkosi, or her nominee (which may be a consortium …
Luxembourg, October 31, 2012 – ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results for the three and nine- month periods ended September 30, 2012. Highlights: · Health and safety performance: LTIF rate2 of 1.0x in 3Q 2012 as …