South Africa Judge To Rule On Kumba, Imperial Case In December
24 Novembre 2011 - 3:26PM
Dow Jones News
A judge will rule in December whether South Africa's Department
of Mineral Resources incorrectly awarded an iron ore license to a
small controversial company rather than Kumba Iron Ore Ltd.
(KIO.JO), the miner said Thursday.
Kumba Iron Ore, majority owned by Anglo American PLC (AAUKY),
took the department to court saying DMR was wrong to award a 21.4%
lapsed stake to the Sishen mine previously owned by ArcelorMittal
South Africa to Imperial Crown Trading. Kumba owns the remaining
mining right.
Kumba said that the judge, who heard the case in August, will
give his ruling Dec. 15.
-By Devon Maylie, Dow Jones Newswires; +27 11 783 7848;
devon.maylie@dowjones.com
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