August 22, 2008

ArcelorMittal urges postponement of iron ore deal

Ukrainian journal reported that ArcelorMittal has urged Ukraine to postpone selection of an investor for the development of a major iron ore deposit until after the September 30th 2007 election.

In making the request, Arcelor Mittal is apparently trying to prevent the signing of an agreement between the Ukrainian State Property Fund, the country’s privatization agency and a Russian Ukrainian mining consortium that had been previously named the investor.