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AGL - Anglo American plc - Kumba Iron Ore statement

Release Date: 15/12/2011 16:18
Code(s): AGL
Wrap Text

AGL - Anglo American plc - Kumba Iron Ore statement Anglo American plc ("the Company") Incorporated in the United Kingdom (Registration number: 3564138) Short name: Anglo Share code: AGL ISIN number: GB00B1XZS820 Kumba Iron Ore statement Anglo American wishes to draw attention to Kumba Iron Ore Limited`s announcement in relation to the residual Sishen Mine mineral rights. The text of that announcement is copied below: The North Gauteng High Court handed down its order today in relation to the residual Sishen mining rights. In terms of its order, the High Court ruled that when the Department of Mineral Resources effected a conversion of Sishen Iron Ore Company (Pty) Ltd`s ("SIOC") old order mining right in 2008, SIOC was granted the exclusive right to mine at the Sishen Mine. The Court indicated that it reached this conclusion by interpreting the content of the mining right which was granted to SIOC. The Court held that no other party may be granted the right to mine iron ore or quartzite at the Sishen Mine. The Court also reviewed and set aside the grant of the prospecting right to Imperial Crown Trading 289 (Pty) Ltd. The detailed reasons for the judgement will be handed down next week. SIOC will consider the Court`s decision once it receives the detailed judgment and will inform shareholders in the event that any further steps are required to be taken in this regard. The High Court order does not affect the interim supply agreement between AMSA and SIOC, which will endure until 31 July 2012. As previously advised, AMSA and SIOC have agreed to delay the arbitration proceedings in relation to the Sishen Supply Agreement until the final resolution of the mining rights dispute. For further information please contact: Media Anne Dunn Tel.: +27 (0)11 502 7404 / +27 (0)82 448 2684 15 December 2011 Sponsor: UBS South Africa (Pty) Ltd Date: 15/12/2011 16:18:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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