ArcelorMittals Bosnian plant produces 0.6mn tonnes of crude steel in 2011.

By bne IntelliNews February 28, 2012
ArcelorMittals Bosnian steel mill, ArcelorMittal Zenica, produced 600,000 tonnes of crude steel in 2011, unchanged from a year earlier, the parent company said in its financial report. The global steel giant acquired the Zenica-based plant in 2005, pledging to invest USD 135mn over ten years (2005-2014). ArcelorMittal said these capital expenditure commitments were fulfilled by the end of 2009 and as of end-2011 it has made some USD 170mn capital expenditure in the Bosnian company, including USD 45mn spent on environment projects. ArcelorMittal Zenica had made capital expenditures of some USD 161mn as of end-2010. ArcelorMittal owns 92% of the Bosnian steel mill, which produces long and forged products and exports 55% of its production. ArcelorMittal Zenica sells most of its production directly to end users primarily in the engineering and construction industries, as well as to small-lot resellers. In Bosnia, ArcelorMittal also owns 51% of iron ore mining company ArcelorMittal Prijedor. In 2011, ArcelorMittal Prijedor produced 1.9 million tonnes of aggregated lumps and fines, the parent company said. In 2010, the mine produced 1.4 million tonnes of iron ore. ArcelorMittal Prijedor, located near the northwestern town of Prijedor, holds mining rights over 2,000 hectares to support ArcelorMittals steel-making operations. The production process includes crushing, with hydro-cyclones and magnetic separation at the concentration plant, located close to the mine site. Power is supplied from the national grid through a local power distribution company.
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