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ARCELORMITTAL SOUTH AFRICA LIMITED - ArcelorMittal South Africas Newcastle Works blast furnace resumes normal production

Release Date: 03/12/2014 07:45
Code(s): ACL     PDF:  
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ArcelorMittal South Africa’s Newcastle Works blast furnace resumes normal production

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL       ISIN: ZAE000134961
(“ArcelorMittal South Africa")

ARCELORMITTAL SOUTH AFRICA’S NEWCASTLE WORKS BLAST FURNACE
RESUMES NORMAL PRODUCTION

ArcelorMittal South Africa shareholders (“shareholders”) are
referred to the SENS announcement dated 19 November 2014 advising
that Newcastle Works has experienced unforeseen delays in
restarting the Blast Furnace after the reline was completed at
the end of October 2014.


Arcelormittal South Africa is pleased to inform its shareholders
that the commissioning of the Newcastle Works has been
successfully completed and that steel is being produced.


Based on this:
-   production backlog orders are being immediately pioritised to
    ensure that these are cleared by the end of December 2014; and
-   all the domestic demands from the month of January 2015
    onwards will be met.


The reline of the blast furnace at Newcastle Works is a major
maintenance project that will result in a more modern and safer
furnace. With improved operating efficiencies, the project will
increase the amount of steel produced at Newcastle Works from
1700 000 tonnes to 1900 000 tonnes per annum. The project will
serve as a major cash injection into Newcastle, northern KwaZulu-
Natal and the KZN province as a whole.


3 December 2014


Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd

For further information please contact:
Kesebone Maema
Manager: Corporate Communications, Corporate Affairs
Tel: (016) 889 2425

Date: 03/12/2014 07:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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