KIO - Kumba- Kumba`s position on the Faleme Iron O
KIO
KIO
KIO - Kumba- Kumba`s position on the Faleme Iron Ore Project in Senegal
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
("Kumba")
KUMBA ANNOUNCEMENT WITH RESPECT TO ITS POSITION ON THE FALEME IRON ORE PROJECT
IN SENEGAL
Following Kumba`s SENS announcement of 23 February 2007 in regard to the Faleme
iron ore project in Senegal, Kumba has been advised that the Government of
Senegal has entered into agreements with a third party in relation to the Faleme
project. Kumba has now been ordered to withdraw from the area where it was
conducting exploration which it has now done. Kumba considers that the
Government`s conduct violates Kumba`s contractual rights and accordingly Kumba
has instituted summary proceedings in Senegal and will continue to enforce its
rights by all legal means available which it considers appropriate including by
way of international arbitration.
Pretoria
18 April 2007
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 18/04/2007 08:59:46 Produced by the JSE SENS Department.
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