ARCELORMITTAL SOUTH AFRICA LIMITED - ArcelorMittal South Africas Newcastle Works blast furnace resumes normal production
ACL 201412030004A
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
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