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Monday, February 7, 2011

Watchdog suspends ArcelorMittal's mine in Ukraine

Mon Feb 7, 2011 4:08pm GMT
KIEV Feb 7 (Reuters) - Ukraine's industrial safety watchdog has suspended coal production at a mine belonging to the country's biggest steel mill ArcelorMittal Kryvy Rih (ISPA.AS: Quote) (MT.N: Quote), the company said on Monday.
The company declined to comment on the consequences of the suspension for its steel production.
Ukrainian media said that a possible destruction of a road which ran above the mine's working zone was the reason for the watchdog's decision. ArcelorMittal Kryvy Rih cut crude steel production to 450,000 tonnes in January 2011 from 534,000 in January 2010. [ID:nLDE70O1K2]
The plant, located in the city of Kryvy Rih in central Ukraine, reduced pig iron output by 16 percent to 389,000 tonnes and cut rolled steel production by 9.5 percent to 406,000 tonnes.
In 2010, the mill boosted steel production to 6.13 million tonnes from 5.04 million tonnes in 2009. (Reporting by Pavel Polityuk; editing by David Cowell, sourced:reuters)

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