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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ArcelorMittal    MT   LU1598757687

ARCELORMITTAL

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ArcelorMittal : Baffinland Iron Mines Corporation hosts the Qikiqtaaluk Socio-Economic Monitoring Committee at Mary River

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05/17/2019 | 11:22am EDT

Baffinland Iron Mines Corporation (Baffinland) and the Qikiqtaaluk Socio-Economic Monitoring Committee (QSEMC) successfully concluded a site visit on May 14, 2019 at the Mary River Mine on Northern Baffin Island.

Socio-Economic Monitoring Committees were established in Nunavut to engage communities and other stakeholders in monitoring efforts related to major development projects. These committees also help ensure these projects comply with their permits and other commitments by meeting their socio-economic monitoring requirements. The purpose of this visit was to share information about Baffinland's operation, Inuit human resource practices and policies, and training programs. This visit was timed to coincide with the annual in-person meeting of the QSEMC which is taking place in IqaluitMay 15-16. QSEMC membership includes Qikiqtaaluk Region community representatives, federal and territorial government representatives, and resource developers such as Baffinland.

During the site visit, QSEMC members were provided the opportunity to interact with Baffinland staff, tour site facilities, and learn more about the Company's operations and approach to the phased development of the mine.

Baffinland would like to thank all participants for taking the time to visit Mary River and sharing their valuable feedback.

About Baffinland

Baffinland is a Canadian mining company led by an experienced management team who have amassed specialty experience on northern mining projects through all phases of consultation, permitting, construction, and operation. Baffinland is committed to operating the Mary River Mine in an environmentally and socially responsible manner that benefits all stakeholders.

Contact:

Tel: (416) 364-8820

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2019 72 658 M
EBIT 2019 2 669 M
Net income 2019 389 M
Debt 2019 9 796 M
Yield 2019 1,56%
P/E ratio 2019 67,3x
P/E ratio 2020 6,59x
EV / Sales2019 0,34x
EV / Sales2020 0,33x
Capitalization 14 931 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 18,89  $
Last Close Price 14,75  $
Spread / Highest target 110%
Spread / Average Target 28,0%
Spread / Lowest Target -54,5%
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NameTitle
Lakshmi Niwas Mittal Chairman & Chief Executive Officer
Aditya Mittal President & Chief Financial Officer
Brian E. Aranha CTO, Executive VP, Head-Research & Development
Michel Wurth Non-Independent Non-Executive Director
Vanisha Mittal Bhatia Non-Independent Non-Executive Director
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