Pressure for ArcelorMittal to sell mounted after 45 people lost their lives in a fire incident in October at the company's Kostenko coal mine in Karaganda region. The incident, triggered by a methane gas explosion, was the latest in a long line of fatal incidents at ArcelorMittal's Kazakhstan operations to provoke public complaints over a lack of health and safety investment. In the transaction, ArcelorMittal sold a 100% interest in ArcelorMittal Temirtau and ArcelorMittal Tubular Products Aktau (together called ArcelorMittal Temirtau, or AMT). The steelmaker secured $286mn for the sale and another $250mn as repayment of outstanding intra-group dues. It will also obtain a further $450m in sovereign-fund guaranteed payment as an intra-group loan repayment in four equal annual tranches. ArcelorMittal said that the deal had a negative effect on its equity of nearly $800m. As of September 30, the company had valued the ArcelorMittal Temirtau assets at $1.8bn.