Prime Minister of Kazakhstan Alikhan Smailov announced that the contract with ArcelorMittal Temirtau (AMT) has been amended. For the first time in the history of bilateral relations, Kazakhstan now officially requires the company to modernize its coal production and take action on degasification of coal beds.
Kazakhstan had never asked to do this before.
«For the first time, we have put these additional requirements on the contract. Now AMT is obliged to allocate at least $323 million a year for the modernization of its production and $79.7 million for removal of gas from the coal beds,» Smailov said.
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