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Article: South africa : ArcelorMittal SA looses iron ore dispute with Kumba.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: sanjayV03
Engineering News reported that an arbitration panel has ruled in favor of Kumba Iron Ore in a long running dispute over ArcelorMittal South Africa's right to participate in KIO's South African growth projects.
ArcelorMittal currently accesses 6.5 million tonne early on a cost plus basis from KIO and sources its remaining requirement at market prices.
But Africa's largest steelmaker was of the view that it was permitted, in terms of a 2001 agreement that led to the unbundling of the then Iscor into separate iron ore and steel entities that it could extend the arrangement to new projects, if it could prove that the material ...