Celebrating 1 year of shipping in liberia

On September 27, 2011, ArcelorMittal launched its shipments of iron ore in Liberia. The event, held in Buchanan, Grand Bassa County was graced by Her Excellency President Ellen Johnson Sirleaf, chairman and CEO of ArcelorMittal Lakshmi Mittal, a host of international guests, our staff and many of Liberia’s most recognizable names and faces.

This September marks our one year anniversary, and in this special commemorative supplement we look back at our most memorable moments, our performance over the last year, and reflect on what’s to come.

On September 27, 2011 ArcelorMittal began commercial iron ore production at its mining operations in Liberia. A launch event was held in Buchanan which was attended by Her Excellency President Ellen Johnson Sirleaf, Minister of Lands, Mines and Energy Mr. Roosevelt G. Jayjay, chairman and CEO of ArcelorMittal Lakshmi Mittal, as well as ArcelorMittal’s senior management team.The launch of commercial mining operations represented an important milestone in the recovery of Liberia’s economy, which was devastated by 14 years of civil war. ArcelorMittal first entered this market in 2005, recognizing the potential of the country’s rich mineral resources to help rebuild the country’s industrial and social infrastructure.Working in partnership with the Liberian government and civil society, ArcelorMittal has demonstrated how the needs of industry can be reconciled with those of a developing economy, delivering mutual benefit to all stakeholders. From the outset, the company has focused on creating a sustainable operation that can ultimately be run by Liberian nationals, ensuring maximum employment opportunities for local citizens.“It gives me great pleasure to announce the formal launch of our mining operations in Liberia,” said Lakshmi Mittal.”Quite apart from the significant impact this will have on the local economy, I’m also proud that our approach to this exciting new market represents best practice in terms of responsible business.”

ArcelorMittal is committed to making steel more sustainable in all aspects of its production and our Liberian mining project has presented unique environmental challenges that go to the heart of steelmaking. The most easily accessible ore seams are found in the Nimba mountain range, a west-zone forest ecosystem that is renowned for its biodiversity and high levels of endemic species. We therefore have taken our responsibility to produce no net damage to the Liberian environment very seriously, even laying the foundations for environmental programs which we hope will result in an overall benefit for these beautiful and unique ecosystems.

Developing a sustainable mining operation in Liberia has meant finding solutions to a number of challenges. To date, ArcelorMittal has invested in repairing roads and infrastructure, while also supporting the need for education and healthcare among the local population. Projects include the reconstruction of a 240 km railway, port, hospitals and school facilities – developments that will serve local communities as well as enabling the iron ore mining operation to operate efficiently. By the end of 2012, ArcelorMittal aims to ship four million tons of iron ore from Liberia each year. As part of our wider commitment to minimizing the industry’s environmental impact, ArcelorMittal also commissioned a team of local and international experts and NGOs to conduct a full biodiversity study in Liberia’s Nimba mountain range. It has been the most comprehensive environmental study ever undertaken in Liberia, ensuring that iron ore mining operations do not come at an unacceptable cost to the local ecosystem.Attending the launch ceremony for

ArcelorMittal’s mining operation, President Ellen Johnson Sirleaf said:”ArcelorMittal was one of the first major companies to enter Liberia after decades of instability. Their coming – for which Liberians will always be grateful – signalled a major vote of confidence by investors in the leadership and future of our country. ArcelorMittal honored its 2006 commitment to launch mining operations by the third quarter of 2011. This is a promise the company has kept, despite the global financial crisis that threatened to bring the project to a halt. ArcelorMittal’s work has improved the lives of many Liberians today and for many years to come. We welcome this excellent partnership. We look forward to an even brighter and prosperous future for ArcelorMittal and for Liberia.”

Making steel moresustainable

Lakshmi Mittal and President Ellen Johnson Sirleaf are joined by port workers at the launch event of ArcelorMittal’s first iron ore shipment in Liberia.

ArcelorMittal invested in repairing roads and other infrastructure, including the 240 km railway.

Scoping study

Major milestones ofyear one Many important events happened in year one; however, there were three major events that took center stage in 2011.

First ShipmentOn September 23, 2011 the first shipment of iron ore left the port of Buchanan. This marked the first iron ore shipment from Liberia in 20 years.

1 Million Tons ShippedOn March 19, 2011 ArcelorMittal announced the shipment of the one millionth ton of DSO (direct shipping ore) iron ore from its Liberia mining operations. The vessel sailed from the Buchanan terminal to its customer in China.

Collective Bargaining SignedOur biggest news of the year was the signing of the Collective Bargaining Agreement (CBA). On August 30th, ArcelorMittal Liberia and the United Workers’ Union of Liberia (UWUL-Local #4, ArcelorMittal Workers) signed the company’s first Collective Bargaining Agreement (CBA), aimed at establishing a formal structure for regulating all aspects of the company and its employees’ relationship.

On July 30, senior managers of ArcelorMittal Liberia participated in Shaping Our Destiny, Vision 2020 a conference designed to set the company’s key priorities. Four main priorities were set and defined, laying the foundation upon which ArcelorMittal Liberia will build its Liberia operation.

SafetySafety defines all that we do at ArcelorMittal Liberia. Our mantra is ‘safety first, always’.

OwnershipWe believe that every employee is a stakeholder and belongs to the business. We all take ownership of our individual responsibilities in serving and building the company.

DevelopmentOur employees are our ‘human capital’ investment. We promote employee’s endeavors in developing their skills and competencies in order to support company’s growth, and fulfill our aspiration of world class performance.

StakeholdersWe respect the diversity and interests of all our stakeholders; we aim to win their full credibility and exceed their expectations by delivering on promises and continuous high quality communication.

We are on our way to make ArcelorMittal Liberia a world class mining operation of which each of us can be proud. Rajesh Goel, CEO

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Highlights of CBA• Salary increase to be backdated from

April 1, 2012.• Salary increase to be backdated from

April 1, 2012.• Enhanced employee benefits, such

as an increase in maternity, paternity and annual leaves.

• Variable bonus to be introduced in January 2013, based on performance including safety.

• The establishment of a joint health and safety committee.

• The establishment of a joint ArcelorMittal Liberia management and union committee.

• Peace Obligation binding the management and union to follow requisite procedures ensuring that all disputes are resolved internally, at the lowest levels.

Main priorities set…laying the foundation for a world class mining operation

Key dates(January 2011 – August 2012)

January 2011Work to restart iron ore production in Liberia begins again in earnest, after the global financial crisis slows the project temporarily.Key local media agencies tour ArcelorMittal Liberia’s operations. FebruaryOn February 4, the Phase 2 scoping report was presented. AprilArcelorMittal Liberia was awarded its Phase 1 Environmental Permit on April 12. MayOn May 19, the Frst ArcelorMittal Liberia train ran along the renovated track. JuneThe health team completed its Indoor Residual Spraying in Buchanan and Yekepa and 1,400 structures in our concession areas were sprayed with a chemical that protects for up to nine months. JulyOn July 22, all three ArcelorMittal Liberia Environmental Officers were awarded certificates as environmental evaluators for the Government of Liberia. AugustThe Launch of Phase 1 Biodiversity Conservation Program was held on August 25.

September 2011September 23 - first shipment of ore leaves LiberiaSeptember 27 – official launch of operations

October 2011First iron ore shipment arrives in Europe, arriving in Asturias in northern Spain.

November 2011November 4 and 17 - centralized power plants operational in Yekepa and Buchanan townships.

ArcelorMittal CEO, Rajesh Goel; Lourens DuPlessis, Head of Human Resource; and Chea Romeo Brookes, President of the Worker’s Union and other signatories to the agreement.

Cover creditsTop left – Bottom Right: Infrastructure rebuilding with local contractors; children at ArcelorMittal elementary school in Yekepa; free HIV testing is done at ArcelorMittal hospitals; Shaping Our Destiny conference leads to setting of main priorities; road and rail caravan 2012; Lakshmi Mittal and President Ellen Johnson Sirleaf with workers at the Buchanan port; ArcelorMittal renovates youth center in Yekepa; shed is built over stockpile to prevent rain; billboard campaign addresses motorcyclists’ safe riding; Makinto school built by ArcelorMittal; Limbs for Liberia provides over 250 new limbs for children and adults; trains run three times a day between port and mine; one millionth ton shipped; first joint security conference in Yekepa sponsored by ArcelorMittal; collective bargaining agreement signed; new power plants.

Corporate responsibility highlights

ArcelorMittal Liberia hosts joint security conferenceArcelorMittal hosted the first joint security conference held on county security in Liberia. The Liberia National Police (LNP), the Bureau of Immigration and Naturalization (BIN), the Ministry of Justice, community leaders and ArcelorMittal Liberia all gathered to discuss solutions to current security challenges and threats in the three counties in which ArcelorMittal has operations.

ArcelorMittal commits to supporting the protection of Liberia’s vulnerable forestsArcelorMittal, in June and July, signed a number of agreements with conservation bodies in Liberia, designed to help ensure the sustainable management and protection of the country’s most vulnerable forest ecosystems. A three-year memorandum of understanding (MoU) with Liberia’s Forestry Development Authority (FDA) was signed, focusing specifically on the East Nimba Nature Reserve (ENNR) – established as Liberia’s second protected area by an Act of National Legislature in October 2003. The company signed a similar contract in late June with the Gba Community Forest Management Body, covering another of the country’s most fragile ecosystems in the forests of West Nimba. It also signed a third MoU on 14 July with the Zor Community Forest Management Body and discussions are also proceeding regarding a potential fourth agreement with the Blei Joint Community Forestry Management Body.

ArcelorMittal Liberia transforms life for amputeesThis June, ArcelorMittal launched the first phase of a program to supply new prosthetic limbs to amputees across Liberia. Over a three weeks period, 250 plus citizens of Monrovia, Grand Bassa, Bong and Nimba Counties who have lost limbs through accidents, war injuries or disease received state-of-the-art new prosthetic devices as part of a new charity partnership called Limbs for Liberia.

Arcelormittal partners with national police reaching thousands on road and railway safetyEnding ArcelorMittal’s one week road caravan in Buchanan, Grand Bassa County Saturday, April 14th, Liberia National Police’s Deputy Commissioner for Public Safety, Amos Nyenatoh speaking to

Our goal is to be the most trusted company in Liberia, and the ArcelorMittal corporate responsibility strategy lays the foundation for good business practice and positive socioeconomic transformation of communities. Here are highlights from a few of our CR initiatives.

the crowd gathered at the Buchanan General Market said “ArcelorMittal has inspired me today, and I hope other major corporations follow. This safety campaign must go beyond thirty days and be a continual one.” The Company’s road caravan kicked off with the theme ‘Stop! Think! Act Safely’ on Sunday 8 April in Yekepa, as part of a thirty-day road and railway safety campaign. Travelling between Nimba, Bong, and Grand Bassa County, the caravan drew thousands of spectators with cultural performances, drama, music, comedy, speakers and giveaways. Carried live, in its entirety, on four radio stations, the campaign focused on the safety messages of ‘never play, walk, sleep, ride, or sell goods on the tracks.’ The company’s goal is to reach all residents warning them of the dangers associated with the railway track.

A School for Makinto Sixty volunteers from ArcelorMittal Liberia and Makinto Village teamed up with nine ArcelorMittal international volunteers from eight countries - Belgium, Brazil, France, Hungary, India, Italy, Spain and the USA - to complete the building of a new school in Makinto, Nimba County, and run a health clinic for local communities. In support of the Liberia Solidarity Holidays Project, an ArcelorMittal Foundation initiative, the volunteers arrived in Liberia to a warm welcome from the people of Makinto. All of the volunteers worked tirelessly, and the medical team was able to treat 520 patients in six days in Makinto Village and Sehyigeh Village. ArcelorMittal builds a new school in warmahOn May 1, ArcelorMittal held the official dedication of the Warmah Town Public School in Bong County – one of our company’s social mitigation projects. The old school, housed in one of the old LAMCO structures in Green Hill Quarry, where ArcelorMittal runs its rock crushing operation, had about two to three rooms. Relocated to Warmah, the new six-classroom building includes a storeroom, two offices, a hand pump and a four-room toilet. The new school, which meets the standard size of classrooms set by the Ministry of Education, provides the children with an environment that is more conducive to learning. The project was undertaken by ArcelorMittal Liberia’s corporate responsibility team.

ArcelorMittal launches advanced studies scholarshipsArcelorMittal Liberia officially launched its Advanced Academic Studies Scholarship

(AASS), a $200,000 annual award program for Liberian students pursuing post-graduate studies in the sciences, procurement and logistics on August 14th. Speaking at a launch event held in Monrovia on Tuesday, August 14, Rajesh Goel, CEO of ArcelorMittal Liberia said “our job is to make this program a success for the benefit of deserving young men and women of Liberia.”

November 6 - Buchanan new road construction begins November 30 - ArcelorMittal and UWUL begin work on Collective Bargaining Agreement

December 2011December 6 – Dedication of the new Makinto school built December 17 – ArcelorMittal Liberia hosts Mining management conference.January 2012January 21 - First post-war hotel in Yekepa , the Alvino Hotel, opens within the ArcelorMittal concession area.

February 2012February 27 - one millionth ton of DSO transported from Tokadeh to Buchanan port by rail, exceeding the company’s rail tonnage target in February.

March 2012March 19 - company announces shipment of the one millionth ton of DSO (direct shipped ore) from Liberia.

April 2012April 2 - ArcelorMittal launches a one-month caravan to raise awareness of road and rail safety within the mining area.

May 2012May 1 - ArcelorMittal holds the official dedication of the Warmah Town Public School in Bong County – one of our company’s social mitigation projects.

June 2012June 21 - the company launches the first phase of Limbs for Liberia, a program to supply new prosthetic limbs to amputees across Liberia.

June 29 – the construction of a shed to cover the iron ore stockpile hailed as another first for LiberiaShaping Our Destiny Vision 2020 conference held

July 2012July 2 - Multiple forest protection MoUs signed

August 2012August 30 - first CBA signedAugust 11 – company hosts Security Sector Conference in YekepaAugust 14 –company launches Advanced Studies Scholarship