Iron Ore Mining in Senegal

Arcelor Mittal has signed various agreements with the State of Senegal in West Africa to develop iron ore mining in the Faleme region of South East Senegal.

There are approximately 750m tonnes estimated across 4 locations in the region (compromising both haematite and magnetite deposits). Investments is expected to be in the region of $2.2 billion, and the integrated mining project will include the development of a new port near Dakar and around 750km of rail infrastructure linking the mine to the port.

Production is expected to commence in 2011 and will be developed in phases with hopes of achieving 15-25million tonnes in peak operations.

The agreements are to become effective upon fulfilments of certain conditions by the State of Senegal.

The company has also pledged its support to the community and the people of Senegal as part of its commitment to Corporate Social Responsibility in the countries in which it operates.

Mr.Lakshmi N. Mittal, President and CEO, said “We are delighted at having signed the binding agreements with the State of Senegal in Dakar yesterday and are now looking forward to moving forward with this important project. Once completed, the Faleme project will prove to be an important and competitive source of iron ore supplies for our European plants. This project is an important step in our strategy of creating West Africa as a mining hub for iron ore supplies to our steel plants around the world. We are confident Senegal will prove to be a strategic location to extend our existing footprint in the promising West African markets.”

Episode 5 of the Web TV blog about Arcelor Mittal’s approach to Corporate Social Responsibility is launched 5th March, check out the Teaser from Monday 26th February.