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    MT   LU1598757687

ARCELORMITTAL

(MT)
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Real-time Quote. Real-time Euronext Amsterdam - 09/24 11:39:25 am
25.83 EUR   -0.79%
09/24VIDEO : This week's gainers and losers
09/24ARCELORMITTAL : Jefferies maintains a Buy rating
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09/24ARCELORMITTAL : Gets Rating Upgrade at Fitch on Improved Financial Profile; Outlook Stable
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ArcelorMittal : Baffinland to Welcome Nunavummiut Back to Mary River

07/16/2021 | 07:42am EDT

IQALUIT - Baffinland Iron Mines Corporation ('Baffinland' or the 'Company') is pleased to announce that its proposal to return Nunavummiut employees to work at the Mary River Mine has received all necessary approvals from the Government of Nunavut, including the Chief Public Health Officer.

Dr. Michael Patterson, Nunavut's Chief Public Health Officer said, 'Baffinland has put in place a number of measures to protect the health of workers and their home communities, and now that travel restrictions have also been lifted in Nunavut, I support Nunavummiut returning to work at the Mary River Project.'

'We are looking forward to welcoming back our friends and colleagues to site,' said Brian Penney, CEO of Baffinland. 'Teams are now working both on site and within communities on reintegrating employees as soon as possible and ensuring the transition back to work is smooth. We thank Dr. Patterson and the Government of Nunavut for their support during this process.'

The Company is in the process of finalizing the logistics. Employees are being contacted directly about their return to work date and the reintegration process.

Contact:

Heather Smiles

Tel: +1 416 702 5553

Email: media@baffinland.com

About Baffinland Iron Mines Corporation

Jointly owned by The Energy and Minerals Group and ArcelorMittal, Baffinland Iron Mines Corporation operates a high-grade iron ore mine located on Baffin Island, Nunavut. The Mary River Mine produces the highest grade of direct shipping iron ore in the world. Baffinland is committed to operating in an environmentally and socially responsible manner that benefits all stakeholders.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 74 721 M - -
Net income 2021 13 354 M - -
Net Debt 2021 859 M - -
P/E ratio 2021 2,28x
Yield 2021 1,22%
Capitalization 28 512 M 28 492 M -
EV / Sales 2021 0,39x
EV / Sales 2022 0,38x
Nbr of Employees 168 000
Free-Float 56,0%
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Technical analysis trends ARCELORMITTAL
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 18
Last Close Price 30,27 $
Average target price 46,74 $
Spread / Average Target 54,4%
EPS Revisions
Managers and Directors
Aditya Mittal Chief Executive Officer & Director
Genuino M. Christino Chief Financial Officer & Executive Vice President
Lakshmi Niwas Mittal Executive Chairman
Pinakin Chaubal Chief Technology Officer
Henk Scheffer Secretary & Group Compliance Officer
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