AGL - Anglo American plc - Kumba Iron Ore statement
AGL
ANAAL
AGL - Anglo American plc - Kumba Iron Ore statement
Anglo American plc ("the Company")
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
Kumba Iron Ore statement
Anglo American wishes to draw attention to Kumba Iron Ore Limited`s announcement
in relation to the residual Sishen Mine mineral rights. The text of that
announcement is copied below:
The North Gauteng High Court handed down its order today in relation to the
residual Sishen mining rights.
In terms of its order, the High Court ruled that when the Department of Mineral
Resources effected a conversion of Sishen Iron Ore Company (Pty) Ltd`s ("SIOC")
old order mining right in 2008, SIOC was granted the exclusive right to mine at
the Sishen Mine. The Court indicated that it reached this conclusion by
interpreting the content of the mining right which was granted to SIOC.
The Court held that no other party may be granted the right to mine iron ore or
quartzite at the Sishen Mine. The Court also reviewed and set aside the grant
of the prospecting right to Imperial Crown Trading 289 (Pty) Ltd.
The detailed reasons for the judgement will be handed down next week. SIOC will
consider the Court`s decision once it receives the detailed judgment and will
inform shareholders in the event that any further steps are required to be taken
in this regard.
The High Court order does not affect the interim supply agreement between AMSA
and SIOC, which will endure until 31 July 2012.
As previously advised, AMSA and SIOC have agreed to delay the arbitration
proceedings in relation to the Sishen Supply Agreement until the final
resolution of the mining rights dispute.
For further information please contact:
Media
Anne Dunn
Tel.: +27 (0)11 502 7404 / +27 (0)82 448 2684
15 December 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 15/12/2011 16:18:01 Produced by the JSE SENS Department.
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