Kazakh authorities stated that the steelmaker ArcelorMittal Temirtau’s assets may be sold to Russian investors, following the fire occurred last week, according to local media reports. The authorities are currently negotiating with the company’s shareholders on their exit from the Kazakhstan market.
There is a rumor in the market that the assets will be transferred to Russian steelmaker Severstal, but has remained unconfirmed by the time of publication.
Five miners were killed in a fire at a conveyor belt at Kazakhstanskaya coal mine, as SteelOrbis previously reported. Media reports stated that more than 100 miners died at the ArcelorMittal Temirtau enterprises in the past 15 years.