25 Dead, 21 Missing in ArcelorMittal's Kostenco Coal Mine Accident In Kazakhstan
Portfolio Pulse from Nabaparna Bhattacharya
ArcelorMittal (NYSE:MT) confirmed a tragic accident at its Kostenco coal mine in Kazakhstan, resulting in 25 deaths and 21 missing workers. This follows a previous incident in August where four miners were killed. The company is also in the process of transferring the ownership of ArcelorMittal Temirtau to the Republic of Kazakhstan. MT shares closed lower by 0.14% to $22.14 on Friday.
October 28, 2023 | 5:17 pm
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The tragic accident at ArcelorMittal's mine could negatively impact the company's reputation and operations. Additionally, the transfer of ownership of ArcelorMittal Temirtau may cause uncertainty among investors.
The accident could lead to potential legal and regulatory issues, impacting ArcelorMittal's operations and reputation. The transfer of ownership could cause uncertainty among investors, potentially affecting the company's stock price.
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IMPORTANCE 80
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