Ebola: ArcelorMittal issues force majeure

2014-08-08 23:18

ArcelorMittal has declared force majeure over Ebola and mining firms are acting swiftly, while production ticks over in West Africa's iron ore and gold fields.

ArcelorMittal eyes big projects

2014-08-01 13:40

Steel maker ArcelorMittal is pinning its hopes for an end to tough trading conditions on infrastructure development projects.

Solidarity, Arcelor reach pay deal

2014-06-11 20:11

Trade union Solidarity and steel giant ArcelorMittal have reached a wage agreement, the union says.

Sasol a major polluter - report

2014-06-01 10:51

Energy and chemical producing company, Sasol emits far more greenhouse gases than any of the top 100 companies listed on the JSE, according to a report.

ArcelorMittal helps European shares edge up

2014-02-07 11:26

European shares edged up as steelmaker ArcelorMittal unveiled upbeat forecasts and investors anticipated further encouraging economic data from the US.

ArcMittal eyes Saldanha gas plant for power

2013-11-25 15:11

ArcelorMittal says it is in talks to buy energy from a planned 800 megawatt compressed natural gas plant near its steel-making facility in the Western Cape.

Greed hampers easy economic gains for SA

2013-09-15 18:36

Greed, self-interest and lack of political will are costing South Africa easy gains when it comes to boosting the economy and creating jobs, say industry players.

ArcelorMittal job cuts spark protests

2013-03-08 14:32

Hundreds of Belgian steel workers are blocking a busy border crossing between Belgium and the Netherlands to protest against planned job cuts by ArcelorMittal.

ArcelorMittal ignores new debt cut calls

2013-01-13 18:42

Having danced to the credit rating agencies' tune to no avail, ArcelorMittal looks likely to turn a deaf ear to the chorus for more debt cuts.

ArcelorMittal in $3.5bn share issue

2013-01-09 17:12

The giant steelmaker will issue $3.5bn of shares and convertible notes to tackle a heavy debt level that has led to a cut in its credit rating to junk status.

ArcelorMittal takes $4.3bn writedown

2012-12-21 15:48

Top world steelmaker ArcelorMittal is taking a roughly $4.3bn charge to reflect the fallen value of its European operations due to weaker demand.

ArcelorMittal pulls bid for EU project

2012-12-06 17:53

ArcelorMittal announced it had withdrawn its bid for a EU-funded project in environmentally friendly steel which France hoped could keep two blast furnaces going.

ArcelorMittal warns unions of bleak 2013

2012-11-20 11:30

The world's largest steelmaker has warned labour unions there is little hope for better results next year, citing a slowdown in European demand for steel.

Moisture issues hampering ArcelorMittal

2012-11-07 15:08

Heavy rains and high moisture are hampering ArcelorMittal’s efforts to ship iron ore out of Liberia, says a company official.

ArcelorMittal focus on cutting debt

2012-07-25 16:20

ArcelorMittal says it will focus on improving its competitive position and cutting debt as it announced a 37% drop in second quarter net profit.

Amsa plant resumes production

2012-01-13 17:14

ArcelorMittal SA says it has started full production at its Newcastle plant that was hit by a furnace failure last year.

Amsa raises steel prices

2011-11-07 17:56

ArcelorMittal SA has increased steel prices by up to 8% for certain products from 1 November.

BHP, Amsa ditch iron ore JV plans

2010-09-08 14:39

ArcelorMittal, the world's largest steelmaker, and mining giant BHP Billiton have scrapped plans to combine their iron ore assets in West Africa.

Alliance is dysfunctional - Cosatu

2010-08-26 18:08

The Congress of SA Trade Unions has warned that its alliance with the ANC is "dysfunctional" due to confusion over power and is therefore seeking a pact with its partners.

EU steel makers fined for price-fixing

2010-06-30 15:12

The European Commission has fined 17 steel producers a total of €518m for running a price-fixing cartel, with industry giant ArcelorMittal hit the hardest.

WEF: Owner rights a major concern

2010-05-06 13:25

Dramatic legal changes that infringe on investors’ ownership rights pose a great risk to investment in Africa, says the World Economic Forum.


Glencore courts Guinea's iron ore treasures

2014-08-06 09:42

Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, although the company says it has not pitched for a stake in Simandou.

Economy, labour ills a strain on ArcelorMittal

2014-08-01 09:23

ArcelorMittal's first-half loss has narrowed compared to last year, but weak economic growth and labour disputes are expected to keep earnings under strain.

ArcelorMittal to cough up $150m in damages

2014-06-06 15:49

Arcelormittal has agreed to pay Senegal $150m in cash as damages to settle a dispute with the West African nation over a failed mine deal.

ArcelorMittal considers buying Ilva

2014-02-11 12:15

ArcelorMittal is among parties considering buying Italian steelmaker Ilva, depending on the cost of an environmental cleanup plan, sources say.

ArcelorMittal appoints interm CEO

2014-02-04 17:33

Steel manufacturer ArcelorMittal SA has appointed an interim CEO after the resignation of Nonkululeko Nyembezi-Heita last year.

Algeria to own 51% of ArcelorMittal unit

2013-09-18 09:50

Steelmaker ArcelorMittal will sell a 21% stake in its Algerian unit to the state, allowing the country to become a majority shareholder, according to the state news agency.

Pressure builds on Sasol’s pricing

2013-05-19 15:38

The government is waiting in the wings to impose regulations if petrochemical giant Sasol doesn’t agree to revise plastic prices.

ArcelorMittal vows job cuts freeze

2013-02-19 19:35

ArcelorMittal has pledged to suspend closures and job cuts in Europe pending the launch of a pan-Europe plan in June to save the industry, the EU says.

ArcelorMittal cuts 1 300 Belgian jobs

2013-01-25 09:35

Steelmaking giant ArcelorMittal says it will shut down six cold-processing facilities in the Liege region of eastern Belgium, eliminating 1 300 jobs.

ArcelorMittal takes $4.3bn writedown

2012-12-21 11:27

Top world steelmaker ArcelorMittal says it is taking a roughly $4.3bn charge to reflect the fallen value of its European operations due to weaker demand.

Lafarge and Anglo sell assets to Mittal

2012-11-16 14:52

Lafarge and Anglo American have agreed to sell their UK assets, a condition set by Britain's Competition Commission to allow the combination of their activities.

ArcelorMittal workers fume over furnaces

2012-10-03 16:25

ArcelorMittal has told unions it will permanently close two mothballed furnaces in northeastern France, enraging workers who blocked access to the steel plant.

Steel plant key to French election to restart

2012-03-01 13:47

ArcelorMittal is to invest in and reopen an idled steel plant which has become a battleground for France's presidential elections later this year.

ArcelorMittal to cut Czech staff

2011-12-02 10:58

The world's top steelmaker ArcelorMittal is to lay off workers in the Czech Republic due to weak demand.

ArcelorMittal slapped with price fixing fine

2010-06-30 18:28

ArcelorMittal, the world's largest steel producer, is among 17 steel makers fined by the European Commission for fixing prices and sharing out markets for prestressed steel.

ArcelorMittal lowers prices

2010-06-22 20:37

ArcelorMittal will cut the prices for flat steel products as well as the "Sishen surcharge".

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