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ARCELORMITTAL SOUTH AFRICA LIMITED - Vanderbijlpark Works fire update

Release Date: 22/02/2013 15:33
Code(s): ACL     PDF:  
Wrap Text
Vanderbijlpark Works fire update

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")

Vanderbijlpark Works fire update

Shareholders are referred to the announcement released on SENS
on 11 February 2013 and are advised that ArcelorMittal South
Africa has advanced the assessments relating to the fire that
occurred at its Vanderbijlpark Works on 9 February 2013, while
good progress has been made to replace some of the lost
production.

Various ArcelorMittal Group plants have been contacted with a
request to supply semi-finished products.   Orders have been
confirmed and steel dispatches from these plants will start
soon. We expect the arrival of these products in about 6
weeks’ time.

ArcelorMittal South Africa is diverting more steel to the
domestic customers from Saldanha Works to the extent of about
40000 tonnes per month, and the Company is also exploring the
possibility of increasing production at this facility.


While force majeure remains in effect, customers are placing
orders for March and April 2013, and ArcelorMittal South
Africa is confident it will be in a position to fulfil most of
these requirements following the mitigation actions taken.

Assessment of the root causes of the fire and the recovery
process   have  been   undertaken   with  the   assistance  of
ArcelorMittal Group experts. It is expected that some part of
the steelmaking operations can resume at this facility during
March 2013 with completion now estimated by end of April 2013,
at which point the plant will be back in full production.

Over the last week, the Company has engaged with numerous
stakeholders   including   employees,  customers,   suppliers,
provincial and national government, unions, local municipality
and communities.

An assessment of the potential financial impact should be
available towards the end of the month. The Company is working
closely with its insurers in this process.

The Company can confirm that the Gauteng Department of
Agriculture and Rural Development (GDARD) today indicated its
intention to withdraw the compliance notice issued on 22
October 2012 as the Company has furnished satisfactory
evidence   of   its   compliance   with   the   conditions   stipulated
therein.


22 February 2013

Sponsor to ArcelorMittal South Africa
Deutsche Securities (SA) (Proprietary) Limited

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

Date: 22/02/2013 03:33:00 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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