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ArcelorMittal To Create 8,900 Jobs WIth $2.16B Expansion

Fri, 05/20/2011 - 9:56am

FERMONT, Quebec (AP) — Global steel giant ArcelorMittal will create 8,900 construction and mining jobs with a $2.16 billion expansion of its Quebec mining complex near Labrador.

The Luxembourg-based company said Friday that annual production of iron ore concentrate will increase to 24 million tons from 14 million tons by 2013.

ArcelorMittal Mines Canada is also evaluating doubling its iron ore pellets output to 18.5 million tons.

The investment of its Mont-Wright mining complex and construction at Port-Cartier will create 8,000 construction jobs and 900 permanent mining positions.

The company is the world's largest steel producer and owns the former Dofasco Inc. of Hamilton.

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