ArcelorMittal's statement of support to the EITI:
ArcelorMittal has been supporting the EITI since 2009. The EITI is an important global movement that fosters transparency in payments from extractive companies to governments. It is a multi-stakeholder initiative, driven by the government in each implementing country. This unique approach instills commitment from all participants and encourages debate and discussion between stakeholders on how income generated from extractive resources benefits the development of the country and its people. It also promotes good accounting principles. At ArcelorMittal we are committed to the EITI because we believe its relentless effort to promote transparency and accountability will strengthen governance, socioeconomic development and improve the overall business climate to become more open, fair and competitive.