ArcelorMittal Zenica, and ArcelorMittal Prijedor will donate US$350,000 each to flood-affected local communities that hit Bosnia and Herzegovina in May this year.
Three months’ worth of rain fell on the region in just three days in May, creating the worst floods since records began 120 years ago.
The rain turned Serbia’s largest coal mine into a lake. RB Kolubara miner lignite powers half of Serbia electricity needs. The operator hopes to achieve 70 percent capacity this month.
Approximately 1.5 million people, or 30% of the population in Bosnia, were affected by the floods. The rain caused nearly 300 landslides in the country, burying dozens of houses and cars and further complicating relief efforts.
Money will go to rebuilding the damaged areas as well as landslide prevention.