Sunday, April 27, 2008

Arcelor plans $10bn Indonesia deals

Arcelor plans $10bn Indonesia deals

By John Aglionby in Jakarta

Published: April 24 2008 18:21 | Last updated: April 24 2008 18:21

ArcelorMittal is looking to invest up to $10bn in three projects in Indonesia’s steel and related mining sectors, as the world’s largest steelmaker looks to secure new commodity resources.

Lakshmi Mittal, the billionaire steel magnate who heads ArcelorMittal, wrote to President Susilo Bambang Yudhoyono last week outlining the three investment proposals.

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