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KIO
KIO
KIO - Kumba Iron Ore Limited - High court decision in relation to the
application for leave to appeal by Imperial Crown Trading 289 (Pty) Ltd and the
department of mineral resources
Kumba Iron Ore Limited
A member of the Anglo American plc group
Incorporated in the Republic of South Africa)
Registration number 2005/015852/06)
JSE Share code: KIO
ISIN: ZAE000085346
("Kumba")
HIGH COURT DECISION IN RELATION TO THE APPLICATION FOR LEAVE TO APPEAL BY
IMPERIAL CROWN TRADING 289 (PTY) LTD AND THE DEPARTMENT OF MINERAL RESOURCES
Shareholders were advised on 15 December 2011 that the North Gauteng 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 and,
accordingly, no other party may be granted the right to mine iron ore or
quartzite at the Sishen Mine. The High Court also reviewed and set aside the
grant of the prospecting right to Imperial Crown Trading 289 (Pty) Ltd ("ICT").
Each of ICT and the Department of Mineral Resources have separately applied to
the North Gauteng High Court for leave to appeal against the judgment and the
application was heard by the North Gauteng High Court today.
SIOC applied for conditional leave to cross appeal against the judgment.
ArcelorMittal South Africa Ltd ("AMSA") opposed the applications for leave to
appeal.
The High Court has granted both the Department of Mineral Resources and ICT
leave to appeal against its judgment to the Supreme Court of Appeal. The High
Court also granted SIOC leave to conditionally cross appeal against the
judgment.
Accordingly, the appeals will be heard by the Supreme Court of Appeal in terms
of the rules of the Supreme Court of Appeal.
Shareholders will be informed of any further material developments in this
regard.
Pretoria
For further information please contact:
Anne Dunn
Tel.: +27 (0)11 502 7404 / +27 (0)82 448 2684
11 May 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited
Date: 11/05/2012 11:40:01 Produced by the JSE SENS Department.
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