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ACL - ArcelorMittal South Africa Limited - Newcastle Facility : in full

Release Date: 13/01/2012 16:45
Code(s): ACL
Wrap Text

ACL - ArcelorMittal South Africa Limited - Newcastle Facility : in full production ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) Registration number: 1989/002164/06 Share code: ACL & ISIN: ZAE000134961 ("ArcelorMittal South Africa") NEWCASTLE FACILITY : IN FULL PRODUCTION Shareholders are referred to the unaudited group earnings results for the quarter ended 30 September 2011 released on SENS on 3 November 2011 wherein it was stated that ArcelorMittal South Africa`s operational performance suffered a major setback when the Newcastle plant experienced a catastrophic failure of its blast furnace`s dust catcher in early August 2011. Shareholders were further advised that repairs to the dust catcher were progressing well and that indications were that production would start in early December 2011. The insurance claim was estimated at R1.1 billion. The Newcastle plant resumed full production on 9 December 2011. The company is working hard to eliminate the sales backlog as soon as possible. The current insurance claim is still estimated to be in line with the R1.1 billion reported earlier. After a deductible amount of R160 million was taken into account the company received an interim payment of R490 million in December 2011. For further information please contact: Themba Hlengani Manager: Corporate Communications Tel: (016) 889 2425 or 083 440 0158 Vanderbijlpark 13 January 2012 Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 13/01/2012 16:45:01 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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