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Letter to EIB regarding a planned loan for ArcelorMittal in Brazil

Letter to EIB regarding a planned loan for ArcelorMittal in Brazil

Advocacy letter    |    13 November 2009

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A new loan of EUR 130 million is now due for Board approval on 15th December for ArcelorMittal’s activities in Brazil. Given the company’s poor environmental record and unsatisfactory implementation of improvement projects financed by the European Bank for Reconstruction and Development, Bankwatch urges the EIB not to approve this new project.

Institution: EIB

Theme: Social & economic impacts | Other harmful projects | Mining

Location: Brazil

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