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ARCELORMITTAL SOUTH AFRICA LIMITED - Force Majeure: Sishen Iron Ore Company Proprietary Limited (SIOC)

Release Date: 08/10/2012 17:14
Code(s): ACL     PDF:  
Wrap Text
Force  Majeure: Sishen Iron Ore Company Proprietary Limited (“SIOC”)

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL
ISIN: ZAE000134961
(“ArcelorMittal South Africa” or “the Company”)


FORCE MAJEURE: SISHEN IRON ORE COMPANY PROPRIETARY LIMITED
(“SIOC”)

SIOC supplies iron ore to ArcelorMittal South Africa. On Friday 5
October 2012 SIOC issued a force majeure notice informing
ArcelorMittal South Africa that its supply obligations will be
suspended due to unprotected industrial action at its Sishen mine
which affects production and operations. The duration of the
force majeure is unknown, but SIOC anticipates that it might
endure for approximately two weeks.

The ArcelorMittal South Africa Saldanha plant will be negatively
affected if the above continues for more than one week and a half
as it has stockpiles to continue its operation for a limited
period. The other plants have enough stockpiles and alternatives
should the industrial action continue for an extended period.

Shareholders will be updated as the Company get appraised on the
developments by SIOC.

Shareholders are further advised of potential operational
disruptions which might arise as a result of the current
transport strike.   The nature of these potential operational
disruptions will be disclosed once these have been firmed up or
become clearer.


8 October 2012
Vanderbijlpark

Sponsor
Deutsche Securities (SA) (Proprietary) Limited


For further information please contact:
Themba Hlengani
Manager: Corporate Communications
Tel: (016) 889 2425 or 083 440 0158

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