Overview

2016 was a year of important progress for ArcelorMittal.

Action 2020

Action 2020 is ArcelorMittal's commitment to structurally improving profitability and cash flow generation.

Governance

Good corporate governance is about compliance, continuous stakeholder dialogue and being a good corporate citizen.

Fact book

Details of our steel and mining operations, financials, production facilities and shareholder information.

Sales

3.1

(US$ billion)

Ebitda

762

(US$ million)

Iron ore production

55.2

(million tonnes)

Coal production

6.3

(million tonnes)

Lost time injury frequency rate

1.07

(incidents per million hours worked)

Ebitda contribution to Action 2020

120

(US$ million)

Safety performance

LTIFR

incidents per million hours worked

Color #8B819E
X-axis LTIFR
2014 0.57
2015 0.74
2016 1.07
LTIFR

Severity rate

number of days lost to injury per thousand hours worked

Color #AA9E6E
X-axis Severity rate
2014 0.06
2015 0.10
2016 0.12
Severity rate

Andrade mine in Brazil celebrates 24 years without a lost-time injury

Committed employees who share high awareness of risks and deeply care for themselves and their colleagues are key to safe mining. Our iron ore mine in Andrade, Brazil, attributes its proud record on safety – there has been no fatality at the mine for 67 years – to good leadership, teamwork, and a willingness to keep refreshing and renewing a commitment to safe behaviour. It celebrated an outstanding 24 years without lost-time injury on 11 September.

We know we have the right processes in place and the key now is to focus on improving the safety culture in all our assets.

Seizing the supply chain opportunity

How we're supporting supply chain assurance through IRMA and ResponsibleSteel™.

Read more

Developing trusted sustainability standards

To ensure that our mining business is truly creating value, we need to look at what is happening now – including our focus on structural improvements and costs – while also looking ahead at the needs of our business and our stakeholders, including customers.

More

In 2016, we launched our Mining Sustainable Development (SD) policy, which sets out the principles that define our approach to mining. It is designed to help us build on our focus on land and local relationships, and to reinforce our commitment to being a long-term presence in the areas we work – and one that leaves a sustainable legacy.

With the policy in place and aligned with our SD outcomes, we are now identifying how and where we can improve our performance, led by 'outcome champions' within senior management.

The launch of our policy comes at a time when we are also playing a leading role in the wider movement towards establishing social and environmental standards for mining that stakeholders, including customers, recognise and value. In our role on the steering board of IRMA (Initiative for Responsible Mining Assurance), we have helped in the work of preparing best practice standards that will create an independently verified responsible mining assurance system that improves social and environmental performance. In 2016, IRMA was field-testing its standards; pilots are set to begin in 2017. We expect this to be a major development for our industry, and it is one we want to lead.

New water assessment tool driving improvement

Mining is water intensive, and knowing how and where water is used in our operations is a key step to managing our water use in ways that reduce impacts on the environment and our neighbours. In 2016, we launched our new Water Assessment for Improvement tool, developed by our R&D teams. The tool maps water flows to produce 'process flow sheets' which record flow and quality data for each stream. This information helps us understand what we need to do to improve, and to follow up on our progress when improvements are made.

Investing in water management in Canada

Ensuring that waste water is diverted away from vulnerable ecosystems is vital to our water management. In 2016, we invested in new intercepting ditches to divert run-off from waste storage at our mines in Mont Wright and Fire Lake. By directing the water to treatment facilities, the ditches prevent pollutants from reaching streams and lakes, in particular Webb Lake.

Outlook for 2017