ArcelorMittal

ArcelorMittal announces publication of the 2023 statutory financial statements of ArcelorMittal parent company

Retrieved on: 
Wednesday, March 27, 2024
ArcelorMittal, Luxembourg Stock Exchange, Bank statement, Corporate library

ArcelorMittal has published the statutory financial statements of ArcelorMittal parent company for the year ended 31 December 2023.

Key Points: 
  • ArcelorMittal has published the statutory financial statements of ArcelorMittal parent company for the year ended 31 December 2023.
  • These financial statements have been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and are available on http://corporate.arcelormittal.com in the Corporate Library.

ArcelorMittal S.A.: ArcelorMittal announces Kleber Silva to be new CEO of ArcelorMittal Mining

Retrieved on: 
Tuesday, March 19, 2024
ArcelorMittal, Head, Manganese, Titanium, Growth, ESG, Metal, Nickel, Lithium, Iron, Safety, UFOP, MBR, Eramet, Mining

ArcelorMittal, the world’s leading steel and mining company, today announces that Kleber Silva is nominated Executive Vice President of ArcelorMittal and appointed as Chief Executive Officer of ArcelorMittal Mining, effective 08 April 2024.

Key Points: 
  • ArcelorMittal, the world’s leading steel and mining company, today announces that Kleber Silva is nominated Executive Vice President of ArcelorMittal and appointed as Chief Executive Officer of ArcelorMittal Mining, effective 08 April 2024.
  • Kleber will report to Aditya Mittal, Chief Executive Officer of ArcelorMittal and he will be a member of the Group Management Committee.
  • ArcelorMittal would like to take this opportunity to thank Stefan for his significant contribution to ArcelorMittal.
  • I am also delighted Kleber is returning to ArcelorMittal – he is a capable and accomplished leader who knows the mining industry and ArcelorMittal very well.

CHAR Tech and Lake Nipigon Forest Management Inc. Sign Partnership Agreement

Retrieved on: 
Wednesday, March 13, 2024
ArcelorMittal, Employment, MOU, First Nations, Agreement, Lake Nipigon, Partnership, Natural Resources, Biomass, SFL, Forestry, Memorandum, Renewable natural gas, CHAR, RNG, Silviculture

The partnership, Lake Nipigon Forest Sustainable Energy Solutions, (the “Partnership”) builds upon the foundation laid by the Memorandum of Understanding (MOU) signed in April 2023 .

Key Points: 
  • The partnership, Lake Nipigon Forest Sustainable Energy Solutions, (the “Partnership”) builds upon the foundation laid by the Memorandum of Understanding (MOU) signed in April 2023 .
  • LNFMI is a forest management co-operative comprised of four local First Nation Communities who hold the Sustainable Forest License (SFL) on the Lake Nipigon Forest:
    The Partnership will continue advancing development of the jointly-owned facility modeled after CHAR Tech’s flagship facility in Thorold, Ontario.
  • Under the Agreement, LNFMI will oversee the annual wood fiber harvest from the Lake Nipigon Forest, ensuring CHAR Tech’s wood waste feedstock supply for the wood waste-to-renewable energy (RNG and biocarbon) facility.
  • In January 2023, LNFMI was awarded an investment of $200,000 to support formalizing the LNFMI and CHAR Tech partnership for the Lake Nipigon Forest Sustainable Energy Solutions RNG and biocarbon production facility.

Apollo Funds Agree to Sell 28.4% Stake in Vallourec to ArcelorMittal

Retrieved on: 
Tuesday, March 12, 2024
ArcelorMittal, VK, APO, Partnership, Growth, Management

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed Funds (“Apollo Funds” or the “Funds”) have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; “Vallourec”, the “Company”), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal.

Key Points: 
  • NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed Funds (“Apollo Funds” or the “Funds”) have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; “Vallourec”, the “Company”), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal.
  • The shares sold represent a 28.4% equity interest1 in Vallourec and a total transaction value of approximately €955 million, and upon close will mark the Apollo Funds’ exit of the investment.
  • With Apollo’s Funds’ assistance, we have fundamentally changed the operational and financial structure of Vallourec and we believe we are on the right trajectory to deliver enhanced shareholder value over the coming years.”
    After leading the financial restructuring of Vallourec, Apollo Funds became the largest equity investor in Vallourec in 2021.
  • The transaction is expected to close in the second half of the year, subject to satisfaction of customary closing conditions.

Vallourec continues to implement its strategic plan with the arrival of ArcelorMittal, new reference shareholder

Retrieved on: 
Tuesday, March 12, 2024
ArcelorMittal, Growth, Communication, Acquisition, Nature, AMF, Mining

This marks the final step of the financial restructuring of Vallourec that was initiated in 2021, when Apollo became Vallourec’s reference shareholder.

Key Points: 
  • This marks the final step of the financial restructuring of Vallourec that was initiated in 2021, when Apollo became Vallourec’s reference shareholder.
  • Vallourec welcomes the transition in reference shareholder from Apollo, the leader of Vallourec’s successful financial restructuring, to ArcelorMittal, a global steel industry player.
  • It also represents a long-term commitment, as ArcelorMittal shares with Vallourec a common industrial vision and complementary, world-renowned expertise.
  • This transaction was made possible by the New Vallourec plan, which was announced in May 2022 with the arrival of Philippe Guillemot as CEO.

Worthington Steel Joint Venture, TWB Company, Signs Licensing Agreement with ArcelorMittal Tailored Blanks for Patented Ablation Technology

Retrieved on: 
Wednesday, March 13, 2024
Machine Tools, Metalworking & Metallurgy, Other Manufacturing, Manufacturing, Steel, ArcelorMittal, Aluminium, TWB, OEM, Welding, Silicon, Safety, Printed circuit board

Worthington Steel, Inc. (NYSE: WS) announced today that its tailor welded blanking joint venture, TWB Company, LLC (TWB), has signed a licensing agreement with ArcelorMittal Tailored Blanks for use of its patented ablation technology in the production of hot formed tailored blanks.

Key Points: 
  • Worthington Steel, Inc. (NYSE: WS) announced today that its tailor welded blanking joint venture, TWB Company, LLC (TWB), has signed a licensing agreement with ArcelorMittal Tailored Blanks for use of its patented ablation technology in the production of hot formed tailored blanks.
  • Along with this agreement, TWB plans to install a fully automated ablation line at its Monroe, Michigan, facility.
  • “We’re excited to be one of two companies in North America to offer ablation technology and hot formed tailored blanks to our customers,” said Worthington Steel president and CEO Geoff Gilmore.
  • The 300,000 square foot facility currently produces traditional tailored blanks, tailored aluminum blanks and tailor welded coils.

ArcelorMittal Dofasco publishes Environmental Product Declarations (EPDs) for XCarb™ recycled and renewably produced steel, the lowest embodied carbon sheet steel available in the North American market

Retrieved on: 
Monday, March 18, 2024
ArcelorMittal, Electricity, Steel, Carbon accounting, GHG, Dofasco, Rating scales for depression, Environmental Product Declaration, Direct reduced iron, Life-cycle assessment, LCA, Carbon, EPD, CO2, RRP, ISO, DRI, Electric arc furnace, EAF, Tissue paper

HAMILTON, ON, March 1, 2024 /CNW/ - On its journey towards carbon neutral steel, ArcelorMittal Dofasco, Canada's largest flat roll steel producer, today announced the publication of five Environmental Product Declarations (EPDs) for end use construction products using XCarb™ recycled and renewably produced (RRP) steel.

Key Points: 
  • HAMILTON, ON, March 1, 2024 /CNW/ - On its journey towards carbon neutral steel, ArcelorMittal Dofasco, Canada's largest flat roll steel producer, today announced the publication of five Environmental Product Declarations (EPDs) for end use construction products using XCarb™ recycled and renewably produced (RRP) steel.
  • "This is another example of our commitment to delivering innovative and sustainable steel products for our customers who are striving to lower GHG emissions in their products."
  • The Environmental Product Declarations (EPDs) are compliant with ISO 21930, ISO 14025 and the applicable North American PCR standards.
  • The EPD's, for cold formed sections, corrugated steel pipe, hollow structural sections, steel cladding and roofing, and steel deck are available online at XCarb™ - Recycled and renewably produced products | ArcelorMittal .

Tune in to Bloomberg on Saturday, 3/23 to Watch a New Episode of Advancements

Retrieved on: 
Monday, March 18, 2024
ArcelorMittal, Automation, Mindfulness, Lodestar, Environment, Steel, Intelligence, Education, Artificial intelligence, News, Carbon, Experiential learning, Atmosphere, Spectator, Toy

JUPITER, Fla., March 18, 2024 /PRNewswire-PRWeb/ -- DMG Productions is excited to announce the upcoming broadcast of Advancements with Ted Danson, scheduled to air on Saturday, March 23, 2024, at 8:00 pm ET on Bloomberg.

Key Points: 
  • JUPITER, Fla., March 18, 2024 /PRNewswire-PRWeb/ -- DMG Productions is excited to announce the upcoming broadcast of Advancements with Ted Danson, scheduled to air on Saturday, March 23, 2024, at 8:00 pm ET on Bloomberg.
  • Finally, the series will highlight DailyCoin, a leading news outlet that provides investors with reliable, trustworthy coverage of the cryptocurrency market.
  • Spectators will learn what goes into editorial fact-checking, and how DailyCoin ensures that every article prioritizes accuracy, objectivity, and transparency.
  • "We are thrilled to share how these developments are bringing society to the forefront of innovation today," said, Sarah McBrayer, Creative Director for DMG Productions and the Advancements series.

CHAR Tech Awarded $5 Million from Government of Canada

Retrieved on: 
Friday, March 8, 2024
Engineering, Natural Resources Canada, Thorold, ArcelorMittal, Natural gas, Biomass, Government, Natural Resources, Forestry, CHAR, Investment, RNG, Renewable energy

THOROLD, Ontario, March 08, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce a contribution of approximately $5.2 million from the Government of Canada’s Natural Resources Canada Clean Fuels Fund .

Key Points: 
  • THOROLD, Ontario, March 08, 2024 (GLOBE NEWSWIRE) -- CHAR Technologies (“CHAR Tech” or the “Company”) (TSXV:YES), a leader in sustainable energy solutions, is pleased to announce a contribution of approximately $5.2 million from the Government of Canada’s Natural Resources Canada Clean Fuels Fund .
  • The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources Canada delivered the announcement at CHAR Tech’s Thorold, Ontario facility.
  • “As we emphasize the pivotal role of low-carbon fuels in Canada’s cleaner energy future, I commend the Government of Canada for the Clean Fuels Fund.
  • We extend our gratitude to the Government of Canada and Minister Wilkinson for their unwavering commitment to environmental stewardship.

ArcelorMittal S.A.: ArcelorMittal announces the publication of its 2023 annual report

Retrieved on: 
Wednesday, February 28, 2024
Luxembourg Stock Exchange, ArcelorMittal, Annual report

ArcelorMittal has published its annual report for the year ended 31 December 2023. The report has been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and is available at http://corporate.arcelormittal.com > Financial reports

Key Points: 

ArcelorMittal has published its annual report for the year ended 31 December 2023. The report has been filed with the electronic database of the Luxembourg Stock Exchange (www.bourse.lu) and is available at http://corporate.arcelormittal.com > Financial reports