Kazakhstan: state subsidy to be withdrawn from Arcelor Mittal

The budget funds earlier provided to Arcelor Mittal may be withdrawn, Vice-Minister of National Economy of Kazakhstan Bauyrzhan Bekeshev said during the enlarged meeting of the Committee for Economic Policy, Innovative Development and Entrepreneurship of the Senate. The topic of the discussion was the bill on “Ratification of the agreement of voluntary reconciliation between the…

Kazakhstan: AMT miners stop striking

The Saranskaya, Abayskaya, named after Kuzembaeva and named after Kostenko mines have resumed operation. According to ArcelorMittal Temirtau press service, at present the company is evaluating the resumption of operation at other mines. AMT management offered miners to increase their salary by 30%. During the strike the coal for metallurgical operation was purchased from other…

Kazakhstan: AMT invests $1.3 million in special machinery purchase

Within its investment program ArcelorMittal Temirtau purchased special machinery valued at around $1.3 million for its Orken-Kentobe mine. In particular 4 new BelAZs have been put in operation. “The lifting capacity of the new machines is 55 tons. They have an increased passability and are completely computerized”, Orken-Kentobe transport director Sergey Shlepkin said. (Ukrainian metal)