ArcelorMittal
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News & Press


2010/01/19 - ArcelorMittal and BHP Billiton enter initial discussion to potentiallycombine iron ore interests in Liberia and Guinea

Luxembourg, 19 January 2010 – ArcelorMittal announces it has entered into initial discussions with BHP Billiton to potentially combine our respective iron ore mining and infrastructure interests in Liberia and Guinea within a joint venture. The iron ore interests of the two companies in Liberia and in Guinea are proximate and could be significantly more competitive if brought together in a combined operation. The parties will be working together over the coming months to assess the merits of a partnership and will also work closely with the governments involved.

About ArcelorMittal

ArcelorMittal is the world's leading steel company, with operations in more than 60 countries.

ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and

packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution

networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel

markets, from emerging to mature.

Through its core values of sustainability, quality and leadership, ArcelorMittal commits to operating in a responsible way with

respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also

committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a

significant responsibility to tackle the global climate change challenge; it takes a leading role in the industry's efforts to develop

breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that

contribute to combat climate change.

In 2008, ArcelorMittal had revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing

approximately 10 per cent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT)

and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal visit:

www.arcelormittal.com