Fermont, March 24, 2025 – The President and CEO of ArcelorMittal Mining Canada, Mapi Mobwano, in the presence of the Mayor of Fermont and Warden of the Caniapiscau regional county municipality, Martin St-Laurent, and Karine Sénéchal, President of United Steelworkers Local 5778 (Gagnon, Fire Lake, Fermont), announced the purchase by ArcelorMittal of land located in the Rue du Fer/Rue de l’Hématite sector to build a hundred housing units for mining industry workers and their families.
Martin St-Laurent and Mapi Mobwano today signed an agreement that enables ArcelorMittal to acquire lot 6 460 762, measuring 14,853 square metres.
“Our company is growing and we believe in a model based on local residency, contrary to the trend in the industry that favours the “fly-in fly-out” model. We must ensure we can house our workers and their families to pursue our efforts in strengthening the region’s vitality. Last year we celebrated the 50th anniversary of Ville de Fermont and of our Mont-Wright mine, evidence of a rich heritage that leaves room for a promising future, with confirmed operations for another 30 years. We are delighted to have been able to agree with Ville de Fermont for the purchase of land that can accommodate a real estate project of one hundred housing units over the coming years,” Mapi Mobwano announced.
“I am pleased with this great announcement for Ville de Fermont. The ArcelorMittal project will offer one hundred housing units for its employees and their families. This means increasing the town’s resident population and offering a quality living environment to future Fermont residents,” Martin St-Laurent declared.
The real estate project should be carried out in three phases over the next five years, according to the preliminary discussions with potential partners.
“On the initiative of the Syndicat des Métallos, ArcelorMittal is collaborating with partners with the goal of building future housing to accommodate our people. The teams are currently working enthusiastically to define the project and the business model. We will be proud to present the chosen project this spring to the population of Ville de Fermont,” Mapi Mobwano specified.
“This is excellent news for the workers and their families. The housing problem in Fermont is a major issue that we had to resolve. We are happy to have been at the origin of these meetings, which are resulting today in the announced partnership,” Karine Sénéchal was glad to say.
About ArcelorMittal Infrastructure Canada G.P.
and ArcelorMittal Mining Canada G.P.
Subsidiaries of ArcelorMittal, a leading steel company and one of the five biggest iron ore producers in the world, ArcelorMittal Infrastructure Canada (“AMIC”) and ArcelorMittal Mining Canada G.P. (“AMMC”) are two complementary companies operating in Quebec’s North Shore region. AMIC ensures the transportation of concentrate between Mont-Wright and Port-Cartier and operates a seaport at Port-Cartier, allowing transportation and shipping of AMMC products to four continents. AMMC produces concentrate and iron oxide pellets for the steel market. The two companies employ 2,800 people, making ArcelorMittal the biggest employer on the North Shore.
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