NYSE: MT
AMS: MT
EPA: MT
LuxSE: MT
BCN: MTS
BIL: MTS
BME: MTS
XVAL: MTS
Headquarters:
Luxembourg
Sector:
Steel
Government Ownership:
No State Ownership
Pre-tax Revenues (in BUSD):
56.8 (2016)
Number of employees:
199,000 (31/12/2016)
Number of workers
(employees + contract workers):
not reported
Company-reported mining worker fatalities:
  • 2015 |
    Workers: 3
  • 2016 |
    Workers: 6
Home countries, where the company is headquartered
Producing countries, where the company has mining operations
Mine sites selected for mine-site-level assessment

Summary Results

ArcelorMittal achieves one of the ten strongest results for Economic Development and Business Conduct. Its performance in these areas is largely the result of its systems for developing the skills of producing country populations, its formalised commitments on business ethics and anti-bribery and corruption, and its full disclosure of site-level payments to sub-national and national governments. ArcelorMittal also performs strongly on occupational health and safety, having made a formal commitment to provide a safe and healthy working environment and demonstrating systematic tracking of its performance on providing such conditions.

Conversely, ArcelorMittal’s overall results are limited by its lack of evidence on Lifecycle Management. For example, no evidence was found of the company having committed to plan for mine closure from an early stage or to systematically manage its impacts through all phases of a mining operation. Likewise, no evidence was found of ArcelorMittal designing and planning its operations to manage post-closure transition for workers or affected communities. The company’s relative lack of evidence of policies or systems to address Community Wellbeing issues also limits its overall results, with little or no evidence of systematic tracking of how well it is managing its socio-economic impacts.

Economic Development

0.278 / 1.000

Business Conduct

0.612 / 1.000

Lifecycle Management

0.070 / 1.000

Community Wellbeing

0.124 / 1.000

Working Conditions

0.537 / 1.000

Environmental Responsibility

0.166 / 1.000

The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.

All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.

Relative company performance

Commitment (11 indicators)

Action (41 indicators)

Effectiveness (21 indicators)

1.000 = aggregation of best scores for all indicators of this measurement area.

Indicator-by-indicator results

Economic Development

Selected Mine sites results

Mine sites individually assessed but not included
in the overall company score

Mine Site NameLocal Procurement (score /6.00)Local Employment (score /6.00)Community grievance mechanism (score /6.00)Workers grievance mechanism (score /6.00)Water quality and quantity (score /6.00)Biodiversity management (score /6.00)Mine site (score /6.00)
Andrade0000000.00
Las Truchas2000200.67
Liberia0201061.50
Lisakovsk0000000.00
Prijedor0000000.00

List of all mine sites

Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
AndradeBrazil100Iron OreOpen-pit
AtansoreKazakhstan100Iron OreOpen-pit, Underground
AtasuKazakhstan100Iron OreOpen-pit, Underground
Baffinland*Mary RiverCanada44.5Iron OreOpen-pit
Fire LakeCanada85Iron OreOpen-pit
Hibbing Taconite MinesUSA62.31Iron OreOpen-pit
KaragandaKostenko, Stakhanovskaya, Kuzembaeva, Saranskaya, Sokurskaya, Aktasskaya, Abayskaya, Kalinina, Kazakhstanskaya, Lenina, Naklonnaya, Shakhtinskaya, TentekskayaKazakhstan100CoalUnderground
KentobeKazakhstan100Iron OreOpen-pit, Underground
Kryviy RihNovokrivorozhskyUkraine95.13Iron OreOpen-pit, Underground
Las TruchasLázaro CárdenasMexico100Iron OreOpen-pit
LiberiaYekepaLiberia85Iron OreOpen-pit
LisakovskLisakovsky, ShaimerdenKazakhstan100Iron OreOpen-pit, Underground
LjubijaBosnia and Herzegovina35.1Iron OreOpen-pit
Minorca MinesLaurentianUSA100Iron OreOpen-pit
Mont-WrightMt WrightCanada85Iron OreOpen-pit
Peña ColoradaMinatitlánMexico50Iron OreOpen-pit
PrijedorBosnia and Herzegovina51Iron OreOpen-pit
PrincetonTazewell, McDowell, Low Vol, Mid VolUSA100CoalOpen-pit, Underground
Serra AzulBrazil100Iron OreOpen-pit
Volcan MinesSonoraMexico100Iron OreOpen-pit
*Joint-Venture not under direct control of the company and not included in RMI assessment

Closed mine sites (controlled assets under care & maintenance, closure or post-closure management)

Mine Site NameAliasesCountryCompany's share (%)ProductsMining typesYear of closure
XMV Mine No. 36USA100CoalUnderground2009

Assets sold during the assessment period

Mine Site NameAliasesCountryProductsMining types
TébessaAlgeriaIron OreOpen-pit, Underground

Main Shareholders

As of: 30/03/2018Shares (%)
Mittal Family37.38
The Vanguard Group, Inc.1.52
BlackRock Institutional Trust Company, N.A.0.99
Amundi Asset Management0.82
Lyxor Asset Management0.68
JPMorgan Asset Management U.K. Limited0.63
Old Mutual Global Investors (UK) Limited0.38
Natixis Asset Management0.35
Caixabank Asset Management SGIIC, S.A.U.0.34
BlackRock Investment Management (UK) Ltd.0.32
Capfi Delen Asset Management0.3
Cambiar Investors LLC0.28
Nuveen LLC0.27
BlackRock Advisors (UK) Limited0.24
Dimensional Fund Advisors, L.P.0.24

Known Subsidiaries

As of: 31/12/2016Country
Acindar Industria Argentina de Aceros S.A.Argentina
ArcelorMittal Atlantique et Lorraine S.A.S.France
ArcelorMittal Belgium N.V.Belgium
ArcelorMittal Belval & Differdange S.A.Luxembourg
ArcelorMittal Brasil S.A.Brazil
ArcelorMittal Bremen GmbHGermany
ArcelorMittal Dofasco G.P.Canada
ArcelorMittal Duisburg GmbHGermany
ArcelorMittal Eisenhüttenstadt GmbHGermany
ArcelorMittal España S.A.Spain
ArcelorMittal Flat Carbon Europe S.A.Luxembourg
ArcelorMittal Galati S.A.Romania
ArcelorMittal Hamburg GmbHGermany
ArcelorMittal International Luxembourg S.A.Luxembourg
ArcelorMittal Las Truchas, S.A. de C.V.Mexico

Known Tax Jurisdictions

ArgentinaBelgiumBermudaBrazilCanadaChina
Czech RepublicFranceGermanyKazakhstanLiberiaLuxembourg
MexicoNetherlandsPolandRomaniaSouth AfricaSpain
TurkeyUSAUkraine

Recent involvements in Investor/State investment disputes (since 2014)

Case DateCase numberCase descriptionStatus
2015ARB/15/47ArcelorMittal vs. Arab Republic of Egypt (Steel plant)Concluded

Disclaimer

The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.

This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.

The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.

It should be noted that, prior to publication, all companies in the Index were invited to check the factual accuracy of the contextual data and evidence upon which the Index is based and to review company information in the RMI document library.

Although every effort has been made to verify the accuracy of translations, the English language version should be taken as the definitive version. The RMI reserves the right to publish corrigenda on its web page, and readers of the 2018 RMI report should consult the web page for corrections or clarifications https://www.responsibleminingindex.org.