Supporting development of mining and metallurgy sector in Kazakhstan: how we can make coal mining a safer business

David Vint, General Manager, Coal Operations 4 July 2012

Disclaimer

•Forward-Looking Statements

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Agenda

• Overview of ArcelorMittal’s coal operations in Kazakhstan • Key challenges

• Key initiatives and progress

• Summary

Overview of ArcelorMittal coal mining in Kazakhstan

5

Mining business portfolio

* Includes share of production** Includes purchases made under July 2010 interim agreement with Kumba (South Africa)

Geographically diversified mining assets

6

ArcelorMittal coal mining in Kazakhstan

• Acquisition in 1996 by Ispat Karmet

• 15 coal mines at takeover, now 8 in 2012

• High grade coking coal + thermal coal

• Characterized by gaseous seams

• Major incidents in coal mines in 2004, 2006, and 2008

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7

Key challenges in Kazakhstan

• Cultural barriers and people

• Legislative restrictions – Review of mining regulations – Review of Labor Code of Kazakhstan– Introduction of World Class Equipment /

Practices

• Geological make-up of coal seams – Region characterized by high methane

content of coal – up to 35m3/t– Risk of gas outbursts

Challenging barriers to be overcome

Journey to ZeroShared Vigilance

3.4

2.4

1.51.2 1.0

0.0

0.4

0.8

1.2

1.6

2.0

2.4

2.8

3.2

3.6

2008 2009 2010 2011 1Q'12

8

Focus on safety – Global picture

* World steel association -standard: Fr = Lost Time Injuries per 1.000.000 worked hours; based on own personnel and contractors

Safety remains the No1 priority for ArcelorMittal

ArcelorMittal Mining segment injury frequency rate* ArcelorMittal Group injury frequency rate* (Steel and Mining)

– Mining Segment Safety performance has also improved significantly

– Trending towards world class standards

– Group Health and safety performance has improved significantly since 2007

– LTIF rate has more than halved and group is on track for 2013 objectives

Long term safety targets trending towards world class3.1

2.5

1.9 1.81.4

1.1 1.0

0.0

0.4

0.8

1.2

1.6

2.0

2.4

2.8

3.2

2007 2008 2009 2010 2011 1Q'12 2013

9

Focus on safety – Kazakhstan picture

* World steel association -standard: Fr = Lost Time Injuries per 1.000.000 worked hours; based on own personnel and contractors

Safety remains the No1 priority for ArcelorMittal

ArcelorMittal Temirtau LTIs and LTIFR (Coal) Recent developments in Health and Safety (H&S)

Health & Safety policy launched after merger Executive remuneration linked to safety performance Maintaining significant levels of H&S investment Injury tracking and reporting database to monitor injuries, lost

days and significant events in place Fatality prevention and process standards, and ‘golden

rules’ introduced ‘Shop Floor’ auditing procedure rolled-out Fourth annual H&S awareness day held (April 2010) Global H&S agreement signed with trade unions (June 2008) ‘Journey to Zero’ initiative launched (September 2008)

Key initiatives and performance

11

Modernisation programme for coal mines

• Mining modernisation programme progressing:

– Committed $674 million during 2000-2011

– Investment in 2012 will be in line with programme

• During the economic crisis Health and Safety

– Investment was not compromised

• Continued support in Kazakhstan for Steel, Coal and Iron Ore operations

• World Class techniques and equipment purchased and commissioned in the coal mines

Eickhoff SL 300 coal cutter

12

Technology upgrades

• Exploration – 3D seismic survey undertaken at Tentekskaya

mine

– Exploration holes to be drilled in 2011

• Geological modelling– Introduced computerised Geological Modelling

Package

– Information from 3500 boreholes to transfer

• Mine Planning– Investigating leaving safety pillars

– Review mine layouts to introduce best practice

• Roadway Support– Completed Stress Measurements in Coalfield

– Introduced anchor bolt support technology in mines - increased safety now 24% of driven using this technology Block Model-Kazakhstanskaya Mine

13

Technology upgrades (continued)

• De-gassing equipment – Programmed renewal of degassing pumps

– Cross Measure drilling techniques trialled and implemented

– Investigation of permeability of coal seams to remove methane before mining

• Methane monitoring and detection– World class 24/7 real time mine environmental

monitoring commissioned plan for all mines by 2011

• Ventilation equipment– Replacement of main and auxiliary ventilation

systems

– Review of ventilation planning

• Machinery / transport replacement– Long wall production equipment

– Road heading equipment

– Conveyors

– Transport systems

Kostenko Mine - Production Complex

14

Improving culture

Own employees:

• Internationally renowned safety specialists, Du Pont, engaged for last 4 years

• Behavioural training – Managers, supervisors and employees

• OHSAS 18001 implementation, full certification in June 2011

• Auditing procedures implemented internally and externally

• Sharing best practice

• Golden Rules

• Health initiatives

Our partners: • Conference on methane control and utilization, Karaganda, June 2011-2012• EBRD Health and Safety Conference-Astana December 2010

Breaking through the cultural barriers

Safety viewed through employees’ children

Summary

Mining is a clear, strategic priority of the Group

Operating in Kazakhstan is valuable but complex

Clear progress in our own performance and operating culture but challenges remain

Reducing risk to as low as possible

Summary

Q&A