ArcelorMittal South Africa Declares Force Majeure
18 Maggio 2010 - 5:18PM
Dow Jones News
The South African unit of steel giant ArcelorMittal (MT) said
Tuesday it has invoked force majeure provisions with its customers
because only very limited deliveries of iron ore and coal are being
received due to an ongoing transportation strike.
ArcelorMittal South Africa Ltd. (ACL.JO) said it is also
considering measures to minimize the impact of raw bunker failure
at its Saldanha works.
Thousands of workers at Transnet Ltd., which operates the
country's ports, pipelines and freight rail network, are into the
second week of a wage strike.
-By Robb M. Stewart, Dow Jones Newswires; +27 11 783 7848;
robb.stewart@dowjones.com
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