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Article: South Africa : Kumba elbows ArcelorMittal out of Sishen South iron-ore project.
- Article from:
- TendersInfo
- Article date:
- October 30, 2009
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Byline: manish03
South Africa's biggest iron-ore miner, the Anglo American-controlled Kumba Iron Ore, has managed to elbow steelmaker ArcelorMittal South Africa out of its claim to be part of the R8,5-million Sishen South project, which is going ahead at full steam in the Northern Cape.
The JSE-listed Kumba, headed by CEO Chris Griffith, announced on Wednesday that it had won its drawn-out arbitration battle with ArcelorMittal.
Kumba public affairs head Tebello Chabana told Mining Weekly Online that the arbitration related to ArcelorMittal's claim that it was entitled to participate in Kumba's latest big iron-ore project, which is scheduled to ...