| Wed 17 Mar 2010, 17:20 | | AGL - Anglo American Plc - Kumba Iron Ore Statement |
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AGL
ANAAL
AGL - Anglo American Plc - Kumba Iron Ore Statement
Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
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.
- End of Kumba announcement.
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
17 March 2010
Sponsor: UBS South Africa (Pty) Ltd
Date: 17/03/2010 17:20:03 Produced by the JSE SENS Department.
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