Advertisement
UK markets close in 3 hours 57 minutes
  • FTSE 100

    7,952.37
    +20.39 (+0.26%)
     
  • FTSE 250

    19,862.70
    +52.04 (+0.26%)
     
  • AIM

    743.48
    +1.37 (+0.18%)
     
  • GBP/EUR

    1.1697
    +0.0028 (+0.24%)
     
  • GBP/USD

    1.2621
    -0.0017 (-0.14%)
     
  • Bitcoin GBP

    55,890.40
    +262.33 (+0.47%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,248.49
    +44.91 (+0.86%)
     
  • DOW

    39,760.08
    +477.75 (+1.22%)
     
  • CRUDE OIL

    82.63
    +1.28 (+1.57%)
     
  • GOLD FUTURES

    2,232.30
    +19.60 (+0.89%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,487.30
    +10.21 (+0.06%)
     
  • CAC 40

    8,221.09
    +16.28 (+0.20%)
     

ArcelorMittal invests $47 million to overhaul Bosnia plant, curb pollution

SARAJEVO (Reuters) - ArcelorMittal (MT.AS), the world's largest steelmaker, said on Friday it was investing 75 million Bosnian marka ($47 million) to overhaul a blast furnace at its steel plant in Bosnia to extend its lifespan and improve environmental standards.

Environmentalists have long complained about high levels of pollution caused by the plant in the central Bosnian town of Zenica, which has a workforce of 2,200 people and is Bosnia's top exporter.

Work will start in coming days on what will be the biggest overhaul at the plant since 1989 and should extend the lifespan of the plant for another 15 to 20 years, Dijana Bozic-Srdanovic, the plant's spokeswoman, said.

The work should be completed by the end of June, she said.

ADVERTISEMENT

The steelmaker was installing three filters at the facility which are designed to capture 95 percent of harmful gases and reduce dust emissions to less then 10 milligrams per normal cubic metre, said Bozic-Srdanovic.

ArcelorMittal produced 756,000 tonnes of liquid steel in 2017.

(Reporting by Maja Zuvela; Editing by Daria Sito-Sucic and Susan Fenton)