ArcelorMittal SA (MT) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
06/29/2021 | Press release | Distributed by Public on 06/29/2021 14:40
ArcelorMittal publishes its 2020 report on Payments to Governments in respect of Extractive Industries (Form 6-K)
ArcelorMittal publishes its 2020 report on Payments to Governments in respect of Extractive Industries
29 June 2021, 18:00 CET
ArcelorMittal ( the Company ) has today filed its 2020 report on Payments to Governments in respect of Extractive Activities, which provides a consolidated overview of payments made by the Company and its subsidiaries in 2020 to governments regarding its mining operations.
The report, which complies with reporting requirements under Luxembourg law, is available for download from corporate.arcelormittal.com within the Investors section.
ENDS
About ArcelorMittal
ArcelorMittal is the world s leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude s
Vice president-Corporate Finance and Head of Investor Relations
Good day, everybody. This is Daniel Fairclough from the ArcelorMittal Investor Relations team. Thank you for joining this call today to discuss the results and progress we ve achieved in the first quarter of 2021. Present on this call today, we have Aditya Mittal, our CEO, we have Genuino Christino, CFO and we also have Simon Wandke, Head of Mining.
On our website this morning, we published our results presentation with detailed speaker notes. So as usual in order to be as efficient as possible the intention today is just to have some opening remarks from Aditya and then move directly to the Q&A session. [Operator Instructions]
15 February 2021, 08:00 CET
ArcelorMittal ( the Company ) today announces a share buyback program (the Program ) under the authorization given by the annual general meeting of shareholders held on June 13, 2020 (the AGM Authorization ).
For the background to this Program, reference is made to the Company s press release dated 9 February relating to the Company selling 40 million Cleveland-Cliffs common shares for gross proceeds of US$652 million.
The shares acquired under the Program are intended:
1) To meet ArcelorMittal s obligations under debt obligations exchangeable into equity securities, and/or;
2) To reduce its share capital.
ArcelorMittal intends to repurchase shares for an aggregate maximum amount of US$650 million in accordance with the AGM Authorization and applicable market abuse regulations. The Program will commence today1.
Vice president-Corporate finance and head of investor relations
Thank you. Good afternoon, and good morning, everybody. This is Daniel Fairclough from the ArcelorMittal Investor Relations team. Thank you very much for joining us today to discuss the results for the fourth quarter of 2020.
Present on this call today, we have Mr. Mittal, Executive Chairman; we have Aditya Mittal, CEO; and we have Genuino Christino, CFO; and we also have our Head of Mining, Simon Wandke.
The focus of today s call is to discuss the results for the fourth quarter and the strategic progress we re making at ArcelorMittal. This was covered in-depth in a detailed presentation published alongside our results this morning. So as usual, the format of this call will be some opening remarks followed directly by a Q&A session. As such, we should be able to complete this call in about 45 minutes. [Operator Instructions]