Kumba - Kumba shareholders approve empowerment tra
KMB
KMB
Kumba - Kumba shareholders approve empowerment transaction
Kumba Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2000/011076/06)
(Share code: KMB)
(ISIN: ZAE000034310)
("Kumba" or "the company")
KUMBA SHAREHOLDERS APPROVE EMPOWERMENT TRANSACTION
Diversified mining and metals group Kumba Resources Limited (Kumba) today
announced that shareholders approved the company"s empowerment
transaction involving Kumba, Anglo American plc, the Industrial
Development Corporation and Eyesizwe Mining (Proprietary) Limited at its
General Meeting held today.
The ground-breaking transaction will result in the unbundling and
separate listing on the JSE of Kumba Iron Ore on 20 November 2006, and
the re-listing of Kumba Resources as Exxaro on 27 November 2006. Kumba
Iron Ore will be the JSE"s first listed iron ore company and Exxaro will
be South Africa"s flagship empowerment mining company.
Shareholders approved all the special and ordinary resolutions contained
in the circular to shareholders, which included the proposed employee
schemes for Exxaro and Kumba Iron Ore.
ends
Editor"s Note:
Kumba Resources Limited, one of the largest South African-based mining
companies listed on the JSE Limited, is a focused metals and mining
company with a diverse commodity portfolio consisting of iron ore, coal,
mineral sands, base metals and industrial minerals.
www.kumbaresources.com
2 November 2006
Enquiries:
Trevor Arran
General Manager: Corporate Affairs & Investor Relations
Tel: +27 (0) 12 307 3292
Mobile: +27 (0) 83 609 1444
Date: 02/11/2006 12:50:02 PM Produced by the JSE SENS Department
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