ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

MT Arcelor Mittal New

23.20
-0.79 (-3.29%)
15 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Arcelor Mittal New NYSE:MT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.79 -3.29% 23.20 23.52 23.21 23.40 3,314,079 01:00:00

ArcelorMittal Shares Fall After Disclosure of Kazakhstan Business Talks

30/10/2023 9:51am

Dow Jones News


Arcelor Mittal (NYSE:MT)
Historical Stock Chart


From Jun 2023 to Jun 2024

Click Here for more Arcelor Mittal Charts.

By Pierre Bertrand

 

ArcelorMittal shares fell Monday after the Luxembourg-based steelmaker said it had recently signed a preliminary agreement with the government of Kazakhstan to transfer the ownership of its operations in the country to the republic.

At 0919 GMT, Amsterdam-listed shares traded down 4.6% at EUR20.11.

ArcelorMittal Temirtau, ArcelorMittal's company in the country, disclosed on Sunday that it had been in talks about the transfer of the company to the government for several months and that an in-principle agreement had been reached days before dozens of miners were killed Saturday in an explosion at its Kostenko coal mine.

ArcelorMittal Temirtau in its statement said that a number of fatal accidents had occurred at its mines over the last two years due to their complex geology.

Temirtau added that "while significant efforts have been made to stabilize the situation, we have agreed with the Kazakh government to find a new path forward that will ensure the sustainability of the operation."

ArcelorMittal said it would work to complete this transaction as quickly as possible while also supporting those families affected by Saturday's incident.

 

Write to Pierre Bertrand at pierre.bertrand@wsj.com

 

(END) Dow Jones Newswires

October 30, 2023 05:36 ET (09:36 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

1 Year Arcelor Mittal Chart

1 Year Arcelor Mittal Chart

1 Month Arcelor Mittal Chart

1 Month Arcelor Mittal Chart

Your Recent History

Delayed Upgrade Clock