Germany's biggest coal miner RAG said Thursday it is expecting to finalize the sale of a 2 million mt/year metallurgical coke production unit to steelmaker ArcelorMittal during the first quarter of 2011.
Negotiations for the Prosper facility "are in a good way, we are expecting a closing in the first months of next year," said an RAG company spokesman. ArcelorMittal wasn't immediately available for comment.
The Bottrop-based facility with 146 ovens has Eur450 million ($600 million) in annual sales and about 470 employees, according to the company's website. RAG uses a combination of imported coking coal and local coal from the group's mines in Germany to produce coke at the unit, the spokesman said.
ArcelorMittal has two German integrated steelworks producing flat steel in Bremen and Eisenhuettenstadt in the east of the country that require coke supplies for blast furnaces. It also produces long steel products at mini mills using scrap in Hamburg and Duisburg.
Negotiations for the Prosper facility "are in a good way, we are expecting a closing in the first months of next year," said an RAG company spokesman. ArcelorMittal wasn't immediately available for comment.
The Bottrop-based facility with 146 ovens has Eur450 million ($600 million) in annual sales and about 470 employees, according to the company's website. RAG uses a combination of imported coking coal and local coal from the group's mines in Germany to produce coke at the unit, the spokesman said.
ArcelorMittal has two German integrated steelworks producing flat steel in Bremen and Eisenhuettenstadt in the east of the country that require coke supplies for blast furnaces. It also produces long steel products at mini mills using scrap in Hamburg and Duisburg.
