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KARAGANDA, Kazakhstan, Oct 29, 2023 (AFP) – Kazakhstan held nationwide mourning on Sunday after 42 people died in a blaze at an ArcelorMittal mine, the worst accident in the Central Asian country’s post-Soviet history. The tragedy, which struck at the Kostenko coal mine in the Karaganda region Saturday, came after a series of deadly incidents at ArcelorMittal mines and has prompted the nationalisation of the company’s local affiliate. “As of 3 pm (0900 GMT) the […]
JOHANNESBURG, South Africa (AFP) – Steelmaker ArcelorMittal has agreed to pay a $110-million (88-million-euro) fine for illegal price fixing in South Africa, the country’s competition watchdog announced Monday. The Competition Commission launched a probe into steel producers in the country in 2008 following concerns around high steel prices, and found that the company colluded with its competitors in “fixing” prices and allocating customers. The company “admits having been involved in the long steel and scrap metal cartels, […]
