Mining
ArcelorMittal is focusing on its mining activities, in accordance with its integrated business model. This is part of a strategy to actively develop the raw material base, thereby raising the level of iron ore self-sufficiency to 75%.
The Group is today one of the largest producers of iron ore worldwide, for capture consumption, with mining activities in Algeria, Bosnia, Canada, Kazakhstan, Mexico, Ukraine and the United States.
In 2007, approximately 46% of the Group's iron-ore requirements and 13% of its coal requirements were supplied from its own mines or via long-term contracts.
Its access to high-quality, low-cost raw materials gives the Group a valuable hedge against rising input prices. ArcelorMittal is actively developing its raw material base to raise self-sufficiency levels.
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