Update regarding Kostenko mining tragedy

Following the tragic accident at its Kostenko coal mine in Kazakhstan on 28 October, ArcelorMittal can confirm that a total of 46 employees have lost their lives, and none remain unaccounted for.

No words can adequately convey the devastation the Company feels following this accident. After a day of mourning on Sunday in Kazakhstan and across the ArcelorMittal group, a five-minute silence was held on Monday at 11am local time across all ArcelorMittal offices and operations around the world.

Everything that can be done will be done to support the families in Kazakhstan who have lost loved ones through this deeply painful time. Assistance to bereaved families includes all funeral and memorial expenses, a one-off payment equivalent to ten years’ salary, purchasing housing, repaying personal loans, and the covering of all education fees for children up to the age of 23.

As already announced, the company has been in discussion with the Government of Kazakhstan about the future of ArcelorMittal Temirtau, and last week signed a preliminary agreement for a transaction to transfer ownership to the Republic of Kazakhstan.