ArcelorMittal Announces Greenfield Progress

ArcelorMittal recently announced that it has been allocated steam coal blocks for the first phase of its Indian greenfield projects in Jharkhand and Orissa. ArcelorMittal plans to build integrated steel plants in Jharkhand and Orissa each with a total annual capacity of 12 million metric tons (mt) at a combined investment of approximately US$20 billion. The projects would be developed in two phases of 6 million mt each. Each plant will also have captive power units for which the coal block allocations will be used. The Government of India has allocated ArcelorMittal coal blocks on a sharing basis at Sereghara block in Jharkhand and Rampia and Dip-side Rampia block in Orissa. In Jharkhand, ArcelorMittal has been allocated 83.33 million mt of steam coal out of the 150 million mt allocated. In Orissa, the share is 84.16 million mt out of a total of 645.24 million mt.
As featured in Womp 07 Vol 9 -