Regulatory News:
ArcelorMittal regrets to announce that an accident occurred this morning at its Abaiskaya mine in Kazakhstan. At this time it is believed that there are 7 fatalities. Current indications show a further 23 people are still missing. The cause of the accident is not yet known.
Emergency planning procedures are in place at the mine and have been immediately implemented. Rescue work is currently underway. Senior members of ArcelorMittal Temirtau management, including CEO Mr Satish Taparia are present at the mine.
A full investigation is being launched into the causes of the accident.
Mr Lakshmi Mittal, President and CEO, ArcelorMittal, said:
“I deeply regret that there has been an accident in one of our mines in Kazakhstan. We are doing everything we can to locate those still missing and to assist the bereaved. The safety of our workers is our number one priority and there has been a significant capital expenditure, change in operating practices and a change in management to improve health and safety at our mines in Kazakhstan over the past years. An investigation into the causes of the accident has been launched.”
About ArcelorMittal
ArcelorMittal is the world's number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal key pro forma financials for 2006 show combined revenues of USD 88.6 billion, with a crude steel production of 118 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
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information ArcelorMittal Communications
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