According to
South Africa-based Kumba
Iron Ore, subsidiary of Anglo American,
South Africa's constitutional court has ruled that only Kumba
Iron Ore can apply for the remaining 21.4 percent
mining right in Sishen
iron ore mine.
Kumba, which applied for the remaining stake in January 2011, already has 78.6 percent
mining rights in Sishen.
As SteelOrbis previously reported, ArcelorMittal
South Africa signed a new
iron ore supply agreement with Kumba
Iron Ore which will regulate the sale of up to 6.25 million mt per year of
iron ore by Sishen
Iron Ore Company (SIOC) to ArcelorMittal
South Africa, complying with agreed specifications from both the Sishen and Thabazimbi mines. The agreement will become effective from January 1, 2014, and settles various pending disputes between the two companies.