ArcelorMittal aims to boost iron ore production from its own mines by more than 50% in the next five years, the company's head of mining told Reuters

"We would like to achieve iron ore production of the order of 100Mt in 2015, which is no mean feat," Peter Kukielski told the Reuters Global Mining and Steel Summit.

Currently, ArcelorMittal's mines produce 60 to 70Mt/y. He told Reuters the increased production of ore will come from 'optimisation' of the company's 21 mines in 11 countries.

"Our goal is to expand our level of self-sufficiency (in iron ore) to the order of 70% or so," Kukielski said.