Trending: ArcelorMittal in Talks to Transfer ArcelorMittal Temirtau to Kazakh Government
31 October 2023 - 3:03AM
Dow Jones News
1533 GMT - ArcelorMittal is among the most mentioned companies
across news items over the past 12 hours, according to Factiva
data, after a deadly explosion at one of its mines in Kazakhstan
lead it to confirm it has signed a principle agreement to
nationalize its operations in the country. The disclosure of the
negotiations by ArcelorMittal on Saturday followed an explosion at
ArcelorMittal Temirtau's Kostenko coal mine. An ArcelorMittal
spokesman told Dow Jones the incident had claimed 45 lives as of
0953 GMT, with one miner still unaccounted for. ArcelorMittal
Temirtau said in a statement that it had been in talks with the
government for months and had only just signed the agreement days
before the accident. Termitau operates the company's integrated
steel plant, coal mines and iron ore mines in the country and also
includes ArcelorMittal Tubular Products Aktau. Dow Jones & Co.
owns Factiva. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
October 30, 2023 11:48 ET (15:48 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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