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KIO - Kumba Iron Ore Limited - Statement by Kumba

Release Date: 23/02/2007 16:12
Code(s): KIO
Wrap Text

KIO - Kumba Iron Ore Limited - Statement by Kumba Kumba Iron Ore Limited A member of the Anglo American plc group (Incorporated in the Republic of South Africa) (Registration number: 2005/015852/06) Share code: KIO & ISIN: ZAE000085346 ("Kumba" or "the Company") Statement by Kumba Arcelor Mittal has issued a press release today indicating that it has signed agreements for the development of iron ore deposits at Faleme in Senegal. Kumba exercised its option to acquire a controlling interesting the Faleme project some time ago. In 2005 the Senegalese government put this interest in dispute. Since then, and as recently as a fortnight ago, Kumba has been involved in negotiations with the Government of Senegal to find an amicable solution. Kumba has accordingly requested the Government of Senegal for urgent clarification. If in fact Kumba has been denied its rightful participation in the Faleme project, the Company will take all legal actions necessary to preserve its contractual rights including international arbitration. 23 February 2007 Pretoria Sponsor to Kumba: Deutsche Securities (SA) (Proprietary) Limited Date: 23/02/2007 16:12:05 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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