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ArcelorMittal denies reneging on privatization social sphere promises
Journal Staff Report

KIEV, July 15 - ArcelorMittal Kryviy Rih (Dnipropetrovsk region) has not canceled its investment liabilities in the social sphere but prolonged them in an annex to the agreement for 2011, while they ended in 2010, according to the company.

"The social block of the investment liabilities is being observed by the company in the proper way, in the volume defined in the agreement on the sale and purchase of shares in OJSC Kryvorizhstal. Under an annex, the fulfillment of social liabilities was not stopped in 2010, and continues in 2011," the company's press service said, citing the director of the department at the State Property Fund, Yuriy Nikitin.




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