Anglo American update re. Kumba Iron Ore
Anglo American plc draws attention to an announcement issued by Kumba Iron Ore, the text of which is set out below: |
Application for leave to appeal to the Constitutional Court by Imperial Crown Trading 289 (Pty) Ltd and the Department of Mineral Rights against the Supreme Court of Appeal decision in relation to the grant of a prospecting right to Imperial Crown Trading 289 (Pty) Ltd
Shareholders were advised on 28 March 2013 that the Supreme Court of Appeal had dismissed the appeals of the Department of Mineral Rights ("DMR") and Imperial Crown Trading 289 (Pty) Ltd ("ICT") against the decision of the North Gauteng High Court, which, inter alia, set aside the grant of a prospecting right to ICT by the DMR. The Supreme Court of Appeal held that as a matter of law and as at midnight on 30 April 2009, Sishen Iron Ore Company (Pty) Ltd ("SIOC") became the sole holder of the mining right to iron ore in respect of the Sishen Mine, after ArcelorMittal South Africa Limited failed to convert its undivided share of the old order mining right.
Both ICT and the DMR have lodged applications for leave to appeal to the Constitutional Court against the decision of the Supreme Court of Appeal.
Shareholders will be informed of any further material developments in this regard.
