ArcelorMittal Plans $4 Billion in Investments to Secure Iron Ore Supplies

BANGALORE, INDIA--September 21, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--The world's largest steelmaker, ArcelorMittal (NYSE:MT) (Luxembourg), has announced extensive plans to increase efficiency and secure its supply of iron ore for the next five years. The moves are aimed to make the steelmaker self-sufficient in iron ore supplies and boost its overall iron ore production to 100 million tons per year by 2015.

Vale SA (NYSE:VALE), BHP Billiton Limited (NYSE:BHP), Rio Tinto plc (NYSE:RTP)