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KIO - Kumba- Kumba`s position on the Faleme Iron Ore Project in Senegal

Release Date: 18/04/2007 08:59
Code(s): KIO
Wrap Text

KIO - Kumba- Kumba`s position on the Faleme Iron Ore Project in Senegal 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") KUMBA ANNOUNCEMENT WITH RESPECT TO ITS POSITION ON THE FALEME IRON ORE PROJECT IN SENEGAL Following Kumba`s SENS announcement of 23 February 2007 in regard to the Faleme iron ore project in Senegal, Kumba has been advised that the Government of Senegal has entered into agreements with a third party in relation to the Faleme project. Kumba has now been ordered to withdraw from the area where it was conducting exploration which it has now done. Kumba considers that the Government`s conduct violates Kumba`s contractual rights and accordingly Kumba has instituted summary proceedings in Senegal and will continue to enforce its rights by all legal means available which it considers appropriate including by way of international arbitration. Pretoria 18 April 2007 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 18/04/2007 08:59:46 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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