ACL - ArcelorMittal South Africa Limited - Announcement
ACL
ACL
ACL - ArcelorMittal South Africa Limited - Announcement
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL
ISIN: ZAE000134961
("ArcelorMittal" or "the company")
ANNOUNCEMENT
Shareholders are notified that ArcelorMittal has received notice from Sishen
Iron Ore Company (Proprietary) Limited ("SIOC") cancelling the supply agreement
entered into between the company and SIOC in 2001 ("the agreement"), and
advising that with effect from 1 March 2010, it will no longer supply Iron Ore
to ArcelorMittal, on a cost plus 3% basis.
ArcelorMittal has rejected SIOC`s repudiation of the agreement and will
institute urgent proceedings against SIOC to enforce the agreement if the
appropriate undertakings are not received from SIOC..
Due to the price sensitive nature of this information, the company has requested
that the JSE halt trading until a further announcement is made on Wednesday 3
March 2010.
26 February 2010
Vanderbijlpark
Sponsor to ArcelorMittal South Africa Limited
Deutsche Securities (SA) (Proprietary) Limited
For further information please contact:
Marion Green Thompson
Tel.: +27 (0)16 889 2425
Mobile +27 (0)83 384 3629
Date: 26/02/2010 12:49:05 Produced by the JSE SENS Department.
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