Remember this MT news release from May 2011. MT likes Canadian iron ore. Maybe they could throw some pocket change our way.

FERMONT (Québec), May 20 2011 – ArcelorMittal, today announces the expansion of its Mont-Wright mining complex and additional construction at Port-Cartier.

The investment will allow ArcelorMittal Mines Canada to increase its annual production of iron ore concentrate from 14 million tons to 24 million tons by 2013. AMMC is also evaluating increasing its production of iron ore pellets from 9.2 million tons to 18.5 million tons. The scheme represents a total investment of CAN$2.1 billion dollars that will create 8,000 jobs during construction and more than 900 permanent jobs once completed.

Commenting, Peter Kukielski, Member of the Group Management Board and Head of Mining for ArcelorMittal, said “ArcelorMittal Mines Canada is a flagship mining asset for the Group, which offers considerable opportunity for expansion. We have already announced our intention to grow our iron ore production to 100 million tons by 2015 and this expansion forms an important part of that.”

This project is subject to environmental and other regulatory approvals.

The announcement took place at Mont-Wright facility under the presence of Quebec Premier Jean Charest, mayors of Fermont and Port-Cartier, representatives of the Innu nation as well as hundreds of representatives from local communities.