Inter-Ministerial Group to decide fate of 30 coal mines this week

The Inter-Ministerial Group (IMG) on coal blocks is likely to meet this next week to decide the fate of around 30 coal blocks.

ArcelorMittal says `very saddened` by death of Alain Vigneron

World`s largest steel maker ArcelorMittal on Tuesday said it is "very saddened to learn of the death of Alain Vigneron" and would extend all possible support to the bereaved family.

Belgian steelworker`s suicide note blames Lakshmi Mittal

A Belgian steelworker facing unemployment who hanged himself at the weekend left a suicide note personally blaming Indian steel magnate Lakshmi Mittal for closing plants across Europe, press reported on Tuesday.

IIM-A opposes umbrella body for IIMs

Indian Institute of Management, Ahmedabad (IIM-A) has opposed the proposed legislation to bring IIMs under one umbrella body, saying it would curtail its autonomy.

Angry steel workers block Belgian-Dutch border

Hundreds of Belgian steel workers are blocking a busy border crossing between Belgium and the Netherlands to protest against planned job cuts by ArcelorMittal.

IMG skirts decision on coal blocks cancellation

Firms including Jindal Steel & Power, Tata Steel, Essar Power, ArcelorMittal, Sterlite Energy and Reliance Power will be asked to present before the IMG on September 6, 7 and 8.

One dead in French factory blast: ArcelorMittal

ArcelorMittal, the world`s largest steelmaker, said in a statement it is investigating the cause of the blast.

ArcelorMittal officials contradict each other on India projects

ArcelorMittal may drop the its project in Jharkhand if clearance to it were delayed inordinately, a company Director Jeannot Krecke has said, a view contested by another official who deals with Indian operations.

Arcelor, Posco gear up for new India ventures

The world`s leading steelmakers ArcelorMittal and Posco have plans for $14 billion of new investment in India, despite a history of delays in their existing projects.

Progress in Jharkhand, Orissa projects slow: Mittal

Steel czar LN Mittal on Thursday expressed concern over slow progress in proposed Rs 1-lakh-crore steel project in Jharkhand and Orissa but ruled out exiting at this stage from the states.

ArcelorMittal unit issues $750 mn convertible bond

ArcelorMittal subsidiary issues a $750 million privately placed mandatory convertible bond.

Possibility of workforce reduction next year: ArcelorMittal

Steel giant ArcelorMittal on Monday said there is a possibility of workforce reduction in its worldwide operations next year mainly on account of "natural attrition and production optimisation".

ArcelorMittal appoints Luxembourg Min as Board member

ArcelorMittal on Wednesday announced the
appointment of Luxembourg`s Minister of Economy and Foreign
Trade Jeannot Krecké as a member of its board of directors in
place of Georges Schmit, who will step down by the month-end.

No profit reaped from excess carbon credits: ArcelorMittal

ArcelorMittal on Monday said it has not
made any money from its excess carbon credits, bulk of which
was purchases during the global economic crisis.

ArcelorMittal short-lists sites in Karnataka

ArcelorMittal has short-listed some sites in northern Karnataka for its proposed steel plant involving nearly Rs 30,000 crore investment, ArcelorMittal India chief executive Vijay Bhatnagar said here on Friday.

ArcelorMittal now eyes Chhattisgarh

After Karnataka, the steel giant ArcelorMittal has set its eyes on the mineral-rich Chhattisgarh for setting up a steel plant.

ArcelorMittal ready to set up Rs 30k cr plant in Karnataka

The world`s largest steel company ArcelorMittal on Monday said it has approached the Karnataka government for setting up a steel plant in the state.

Centre talking to states on ArcelorMittal, Posco projects

Union Steel Minister Virbhadra
Singh today said the Centre is in talks with the Jharkhand and
Orissa governments to facilitate the multi-billion dollar
India projects of global steel giants ArcelorMittal and Posco.

Govt okays L N Mittal`s Rs 503 cr FDI for Uttam Galva buy

The government has approved NRI
billionaire Lakshmi Mittal-led ArcelorMittal`s over Rs 500
crore foreign direct investment for acquisition of 35 per cent
stake in steel products maker Uttam Galva.

ArcelorMittal in talks with Jharkhand govt for Chiria ores

Global steel major ArcelorMittal, which has lined up Rs 1 lakh crore investments for India, said on Wednesday it is in race for a chunk of the mineral-rich Chiria mines in Jharkhand.