17 March 2010
Kumba Iron Ore statement
Anglo American plc wishes to draw attention to an announcement by Kumba Iron Ore
Limited ("Kumba") in relation to the Sishen mining rights. The text of that
announcement is copied below:
On 26 February 2010, Kumba issued an announcement indicating that its subsidiary, the Sishen Iron Ore Company (Pty) Ltd ("SIOC"), had notified ArcelorMittal South Africa Limited ("Mittal") on 5 February 2010, that Mittal had failed to convert its 21.4% undivided share in the old order mining rights which it held in relation to the Sishen mine in terms of the Mineral and Petroleum Resources Development Act ("MPRDA"). SIOC, however, tendered to supply iron ore to Mittal on commercial terms.
While SIOC has applied for the residual 21.4% mining right previously held by Mittal, it should be noted that a prospecting right over the 21.4% interest has been granted by the Department of Mineral Resources to a third party. SIOC has lodged an appeal against the grant of the prospecting right and Kumba is currently engaged in discussions with the Department of Mineral Resources in relation to the 21.4% residual right in respect of the Sishen mine.
Download the press release PDF [16 KB]
Notes to Editors:
Anglo American plc is one of the world's
largest mining companies, is headquartered in the UK and listed on
the London and Johannesburg stock exchanges. Its portfolio of
mining businesses spans precious metals and minerals - in which it
is a global leader in both platinum and diamonds; base metals -
copper and nickel; and bulk commodities - iron ore, metallurgical
coal and thermal coal. Anglo American is committed to the highest
standards of safety and responsibility across all its businesses
and geographies and to making a sustainable difference in the
development of the communities around its operations. The company's
mining operations and extensive pipeline of growth projects are
located in southern Africa, South America, Australia, North America
and Asia.
www.angloamerican.co.uk
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