Related News
Miner told: Lift game, or else
ARCELORMITTAL, the world's largest steel maker, could lose ownership of two West Siberian coal mines if it failed to bolster production, a Russian regional governor has warned.
Aman Tuleyev, who heads the Kemerovo region where the two coal mines are located, made the warning to ArcelorMittal CEO Lakshmi Mittal in a letter posted on the government Website.
"If you are not able to stabilize production at these facilities, then we propose that you hand them over without compensation," Tuleyev wrote in the undated letter posted on Thursday.
Messages left with ArcelorMittal officials in Luxembourg were not returned. ArcelorMittal's three Russian coal mines are located in Kemerovo, about 3,000 kilometers east of Moscow. In March, ArcelorMittal said it could temporarily shut two of the mines.
The Kemerovo region said workers at the mines were being paid in full, but that work was "chaotic and untransparent."
Coking coal is a key raw material for steel manufacturing.
Tuleyev wrote that he would seek to revoke the company's exploration license at the large Zhernovskoye deposit if ArcelorMittal did not respond.
Steel makers have been hard hit by the financial crisis.
Aman Tuleyev, who heads the Kemerovo region where the two coal mines are located, made the warning to ArcelorMittal CEO Lakshmi Mittal in a letter posted on the government Website.
"If you are not able to stabilize production at these facilities, then we propose that you hand them over without compensation," Tuleyev wrote in the undated letter posted on Thursday.
Messages left with ArcelorMittal officials in Luxembourg were not returned. ArcelorMittal's three Russian coal mines are located in Kemerovo, about 3,000 kilometers east of Moscow. In March, ArcelorMittal said it could temporarily shut two of the mines.
The Kemerovo region said workers at the mines were being paid in full, but that work was "chaotic and untransparent."
Coking coal is a key raw material for steel manufacturing.
Tuleyev wrote that he would seek to revoke the company's exploration license at the large Zhernovskoye deposit if ArcelorMittal did not respond.
Steel makers have been hard hit by the financial crisis.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.