KIO
KIO
KIO - Kumba Iron Ore Limited - Statement by Kumba
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number: 2005/015852/06)
Share code: KIO & ISIN: ZAE000085346
("Kumba" or "the Company")
Statement by Kumba
Arcelor Mittal has issued a press release today indicating that it has signed
agreements for the development of iron ore deposits at Faleme in Senegal. Kumba
exercised its option to acquire a controlling interesting the Faleme project
some time ago. In 2005 the Senegalese government put this interest in dispute.
Since then, and as recently as a fortnight ago, Kumba has been involved in
negotiations with the Government of Senegal to find an amicable solution.
Kumba has accordingly requested the Government of Senegal for urgent
clarification. If in fact Kumba has been denied its rightful participation in
the Faleme project, the Company will take all legal actions necessary to
preserve its contractual rights including international arbitration.
23 February 2007
Pretoria
Sponsor to Kumba:
Deutsche Securities (SA) (Proprietary) Limited
Date: 23/02/2007 16:12:05 Produced by the JSE SENS Department.
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