Statement of the Ministry of Industry and Construction of the Republic of Kazakhstan and ArcelorMittal, Temirtau

Statement of the Ministry of Industry and Construction of the Republic of Kazakhstan and ArcelorMittal, Temirtau

Dear Business Partner,

 

With profound grief, we wish to inform you that in the early hours of Saturday, 28th October 2023, there was a devastating accident at ArcelorMittal Temirtau’s (AMT) Kostenko coal mine, which resulted in the demise of 46 brave miners. All efforts are being made to support the families of the deceased miners and an investigation is being conducted into the causes of the accident.

 

Additionally, you have also read the statements from government of the Republic of Kazakhstan and from ArcelorMittal about the transfer of ownership of ArcelorMittal, Temirtau to the government of the Republic of Kazakhstan. These discussions have been underway since several months and the government of the Republic of Kazakhstan and ArcelorMittal have recently reached a preliminary understanding on the future direction for the AMT’s steel & mining operations as well as its subsidiaries.

ArcelorMittal Temirtau is one of the most important Steel suppliers in the domestic and regional markets. It has built its reputation, over the years, as a strategic partner to the steel consumers in all its chosen markets. Hence all efforts will be made to ensure that the operations of AMT is carried out with efficient planning to avoid any inconvenience to its stakeholders.  

We wish to assure all AMT’s stakeholders, especially its customers, contractors, suppliers that:

  1. All rights and obligations related to ArcelorMittal Temirtau (AMT) (which includes Steel works at Temirtau, Coal Division, Orken, subsidiaries including the pipe plant at Aktau and its representative offices in CIS) will be honoured.
  2. The government of the Republic of Kazakhstan, and AMT, will ensure complete business continuity r.t. to honouring all rights and obligations of AMT which include supply agreements to customers, receipt of goods & services, including Contractor services from suppliers and employee obligations etc.
  3. AMT’s business processes including order booking, contracting, dispatches, invoicing & supplier contracting is running normally. 

AMT will continue to maintain the status of a reliable partner for its clients and will strive to keep doing so in the future.

Thank you for your support.

Kind Regards,

 

Co-Signed:

Ministry of Industry and Construction of the Republic of Kazakhstan

ArcelorMittal, Temirtau