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ArcelorMittal reaches railway deal to resumes output at Bosnia mine

Add Time:2019-03-07 23:34:00 Clicks:
Reuters reported that ArcelorMittal has agreed a provisional transportation deal with a Bosnian regional railway company, allowing production to resume at its iron ore mines in northwestern Bosnia. It said “The new agreement over transportation costs and quantities of iron ore shipped will enable the production to resume.”

Production at the mine was halted after talks on the deal with the Zeljeznice RS railway company collapsed last week. Transportation of iron ore was also halted.

ArcelorMittal operates a steel plant in the central Bosnian town of Zenica which processes iron ore from its Omarska mines in the town of Prijedor. The company’s steel-making operation in Zenica, ArcelorMittal Zenica, is Bosnia’s largest steel exporter and accounts for 2.5% of the country’s GDP. ArcelorMittal employs about 3,000 people in Bosnia.
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