Reuters reported that the Bosnian iron ore unit of steelmaker ArcelorMittal will meet its target of 1,850,000 tonnes of ore for 2011, a 30% increase from the year before even after a railway strike halted production for several weeks.

Mr Predrag Sorga a spokesman for ArcelorMittal Prijedor mines said "Total revenues in 2011 amounted to BAM 100 million which is 40% more than in 2010."

He said that around 100,000 tonnes of its ore could not be shipped to customers because of the strike which cost the company, based in the northwestern Bosnia around BAM 4 million.

ArcelorMittal Prijedor was forced to halt production at its main plant in mid October for nearly a month, because its storage sites were full and it could not deliver supplies due to the strike by engine drivers in the Serb region of Bosnia.

(Sourced from Reuters)