KUMBA/ ASSMANG - JOINT STATEMENT ON SUSPENSION OF DELTA STUDY
16 February 2004
JOINT STATEMENT ON SUSPENSION OF DELTA STUDY
Joint statement by Kumba Resources Limited ("Kumba") and Assmang Limited
("Assmang")
Kumba Resources Limited
(Incorporated in the Republic of South Africa)
Registration number: 2000/011076/06
Share code: KMB
ISIN code: ZAE 000034310
("Kumba")
Assmang Limited
(Incorporated in the Republic of South Africa)
Registration number: 1935/007343/06
Share code: ASG
ISIN code: ZAE 000030789
("Assmang")
Kumba Resources and Assmang (hereinafter termed "the parties") today announce
the completion of the Delta Study, between Sishen Iron Ore Company (Pty) Ltd
(SIOC) and Assmang Ltd, to investigate and evaluate the respective undeveloped
iron ore assets of each of the companies in the Northern Cape.
Following the signing of a heads of agreement between the two companies on 1
August 2003, the parties independently evaluated SIOC"s undeveloped iron ore
deposits in the Postmasburg area ("Sishen South") and Assmang"s undeveloped iron
ore deposits near Sishen on the farms Bruce, King and Mokaning, with a view to
possibly commencing negotiations on an exchange of deposits.
The parties independently established that there were significant differences
and have decided to suspend interactions related to the Delta Study. The
parties will continue to have mutually beneficial discussions whenever
opportunities are identified to enhance their iron ore operations in the
Northern Cape province.
For further information, please contact:
Mike Kilbride, Kumba Resources Trevor Arran, Kumba Resources
Tel: 012 307 3488 Tel: 012 307 3292
Pat Mdoda, Kumba Resources
Tel: 012 307 4553
Phil Crous, Assmang Bryan Broekman, Assmang
Tel: 011 770 6909 Tel: 011 634 0129
Date: 16/02/2004 04:00:03 PM Produced by the JSE SENS Department
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