Kumba elbows ArcelorMittal out of Sishen South iron-ore project
October 28, 2009 by goldguru · Leave a Comment
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.
Kumba, headed by CEO Chris Griffith, announced on Wednesday that it had won its drawn-out arbitration battle with ArcelorMittal South Africa.
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