ArcelorMittal South Africa has announced that the company is in talks to discuss a new supply agreement for
iron ore from Anglo American subsidiary Kumba
Iron Ore's Sishen and Thabazimbi mines, to ensure long-term stability and security of
iron ore supply for domestic use.
As SteelOrbis previously reported, in December 2012
ArcelorMittal South Africa reached an interim pricing agreement with the South African
iron ore producer Sishen
Iron Ore Co. for
iron ore supply from the Sishen mine with effect from January 1, 2013 until December 31, 2013.
According to the supply agreement, Kumba supplies a maximum annual volume of 4.8 million mt of
iron ore to
ArcelorMittal South Africa at a weighted average price of US$65/mt.