MITTAL STEEL TEMIRTAU – NO MORE MILLIONS DOWN THE DRAIN
Publisher: CEE Bankwatch Network
Volume: 2 pages, pdf
Description:
In 1997 the EBRD and IFC approved a syndicated USD 250 million loan for MST (Ispat-Karmet Steel Works or MST), a metal and mining complex in Temirtau, in the Karaganda region of central Kazakhstan. The main objectives of the project were to restore productive capacity and improve efficiency in the steel mill and coal mines, and to implement three environmental action plans that would improve environmental and health and safety impacts and bring the company into compliance with World Bank environmental guidelines. The project was declared to be successfully implemented by the EBRD at the end of 2006. In February 2007, Golder Associates-Europe visited Karaganda and Termitau to conduct an environmenal audit of the company.