ArcelorMittal has signed a definitive agreement to divest its minority interest in Wabush Mines, Canada. ArcelorMittal’s 28.6% stake in Wabush Mines is being sold to Consolidated Thompson Iron Mines Ltd. ArcelorMittal will receive a consideration of USD 34.28 million for the stake. The mine represented 31 million tons of iron ore reserve and 1.2 million tons of iron ore produced for ArcelorMittal in 2008. After the disposal, ArcelorMittal will continue to have mining operations and resources in Canada including ArcelorMittal Mines Canada, formerly Quebec Cartier Mining.