ArcelorMittal will leave it until after the elections to decide whether to commit itself to the project to build the Krivy Rih Oxidized Ore Mining Complex (KGOKOR), the company's chief, Lakshmi Mittal, told Interfax on the sidelines of the World Steel Association conference in Beijing.
"I think very much will depend on the new leadership that will be elected in January and on its privatization policy, which is not very clear. So we'll be leaving our decision until after the elections, and then we'll see," Mittal said when asked whether his company planned to revive its joint project with Ukraine's Industrial Union of Donbas to complete the Krivy Rih mine.
The Kryvy Rih mine, in the vicinity of the ArcelorMittal Kriviy Rih steel works, will cost an estimated $800 million to finish building.
Source: Kyiv Post
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