ARCELORMITTAL MINES CANADA
CANADA
• New stacker-reclaimer and shiploader in commissioning
• Concentrate production exceeded 2Mt in December 2013
• Shipments of 1.987 Mt in
December 2013
• Costs benefiting from scale
The province of Quebec is benefiting from the expansion as well . Income taxes and mining rights revenues will account for over $ 3 billion , which will assist the government through 2039 . Quebec will also profit from increased export capacity of goods overseas , consolidation of the mining sector in general and community development .
Job creation in Canada is another benefit of the expansion . Over 8,000 jobs were created during the construction of the project and another 600 permanent jobs have been implemented since the completion of the expansion .
Investments To get the project rolling ArcelorMittal has invested significantly to the tune of $ 1.6 billion , including an array of new equipment and technology to expand the production rate and increase efficiency .
“ We purchased new equipment ; hired additional people ; increased our processing capacity ; added another large line , increased our capacity for concentrate by 50 percent , and put in a new processing mill and more spirals ,” Wood continues , “ We also purchased 13 Caterpillar 797 400 ton trucks to assist in moving larger volumes in less time .”
The 400 ton trucks are equipped
“ It ’ s pretty phenomenal to get those rates right after an expansion project . It ’ s an exciting time in terms of expansion and maximizing benefit of our investment ”
– Steve Wood , President of ArcelorMittal Mines Canada
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