INTERNATIONAL STEEL PRODUCER ArcelorMittal has embarked on a massive expansion of its global mining operations with the aim of being 85 percent self sufficient in iron ore resources by 2014. The multi-listed global steelmaking conglomerate was 46 percent self sufficient in iron ore in 2007 and produced about 116 million tonnes of crude steel (about 10 percent of worldwide output), making it the largest and most integrated steel company in the world. During last month's Asia Mining Congress in Singapore, ArcelorMittal UK management board member Malay Mukherjee outlined the resources house's ambitious expansion plans, which he contended would make ArcelorMittal the fastest growing mining group in the next five years.
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