The company assured that every effort will be made to ensure that AMT’s activities are organized with effective planning.
It became known that AMT will make every effort to ensure that the company’s activities are organized with effective planning and to avoid any inconvenience for its stakeholders, reports inbusiness.kz with reference to the press service of the Ministry of Industry and Construction of the Republic of Kazakhstan.
“Dear business partner, it is with deep sorrow that we inform you that in the early hours of Saturday, October 28, 2023, a disaster occurred at the Kostenko coal mine of ArcelorMittal Temirtau (AMT), resulting in the death of 46 courageous miners. Every effort is being made to support the families killed miners, and an investigation into the cause of the incident is underway.
In addition, you are likely aware of the announcements made by the Government of the Republic of Kazakhstan and ArcelorMittal regarding the transfer of ownership of ArcelorMittal Temirtau to the Government of the Republic of Kazakhstan. These negotiations have been ongoing for several months, and recently the Government of the Republic of Kazakhstan and ArcelorMittal reached a preliminary agreement regarding the future direction of the steel and mining operations of AMT, as well as its subsidiaries,” the statement said.
ArcelorMittal Temirtau is one of the most important steel suppliers in the domestic and regional markets. Over the years, the company has established itself as a strategic partner for steel consumers in all selected markets. Therefore, every effort will be made to ensure that AMT’s activities are organized with effective planning and to avoid any inconvenience to its stakeholders.
AMT assured all interested parties that:
- All rights and obligations associated with ArcelorMittal Temirtau (AMT) (including the Temirtau steel plant, coal division, Orken, subsidiaries, including the Aktau pipe plant and representative offices in the CIS countries) will be respected.
- The Government of the Republic of Kazakhstan and AMT will ensure full continuation of business with respect to compliance with all rights and obligations of AMT, including supply agreements with customers, acceptance of goods and services, including contractor services from suppliers, obligations to employees, etc.
- AMT’s business processes, including order booking, contracting, dispatch, invoicing and supplier contracts, operate as usual.
- AMT will continue to be a trusted partner for its clients and will strive to do so in the future.
