ArcelorMittal becomes an EITI Supporting Company
ArcelorMittal confirmed its support of the Extractive Industries Transparency Initiative (EITI), after being an active participant of the EITI in Liberia since May 2007.
The EITI supports improved governance in resource-rich countries through the verification and full publication of company payments and government revenues from oil, gas and mining.
Lakshmi Mittal, Chairman and CEO of ArcelorMittal, commented: "We know that our position as the leader in the steel industry brings unique responsibilities. The EITI's principles regarding the prudent use of natural resources, transparency, accountability, and stakeholder dialogue complement ArcelorMittal's own corporate values and Corporate Responsibility policies."
Peter Eigen, Chair of the EITI Board, welcomed ArcelorMittal to the EITI family and stressed: "From Kazhakhstan to Liberia, we are seeing how the initiative is building trust between companies, governments and communities."
ArcelorMittal is the 40th extractive company to become an International-level EITI Supporting Company.
For further information on our role in the EITI, visit www.eitransparency.org
Lakshmi Mittal, Chairman and CEO of ArcelorMittal, commented: "We know that our position as the leader in the steel industry brings unique responsibilities. The EITI's principles regarding the prudent use of natural resources, transparency, accountability, and stakeholder dialogue complement ArcelorMittal's own corporate values and Corporate Responsibility policies."
Peter Eigen, Chair of the EITI Board, welcomed ArcelorMittal to the EITI family and stressed: "From Kazhakhstan to Liberia, we are seeing how the initiative is building trust between companies, governments and communities."
ArcelorMittal is the 40th extractive company to become an International-level EITI Supporting Company.
For further information on our role in the EITI, visit www.eitransparency.org
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