KUMBA IRON ORE LIMITED - Application for leave to appeal to the constitutional court by Imperial Crown Trading 289 (Pty) Ltd

Application for leave to appeal to the constitutional court by Imperial Crown Trading 289 (Pty) Ltd

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
Registration number 2005/015852/06
JSE Share code: KIO
ISIN: ZAE000085346
("Kumba")

APPLICATION FOR LEAVE TO APPEAL TO THE CONSTITUTIONAL COURT BY
IMPERIAL CROWN TRADING 289 (PTY) LTD AND THE DEPARTMENT OF MINERAL
RIGHTS AGAINST THE SUPREME COURT OF APPEAL DECISION IN RELATION TO
THE GRANT OF A PROSPECTING RIGHT TO IMPERIAL CROWN TRADING 289
(PTY) LTD

Shareholders were advised on 28 March 2013 that the Supreme Court
of Appeal had dismissed the appeals of the Department of Mineral
Rights (“DMR”) and Imperial Crown Trading 289 (Pty) Ltd (“ICT”)
against the decision of the North Gauteng High Court, which, inter
alia, set aside the grant of a prospecting right to ICT by the
DMR. The Supreme Court of Appeal held that as a matter of law and
as at midnight on 30 April 2009, Sishen Iron Ore Company (Pty) Ltd
(“SIOC”) became the sole holder of the mining right to iron ore in
respect of the Sishen Mine, after ArcelorMittal South Africa
Limited failed to convert its undivided share of the old order
mining right.

Both ICT and the DMR have lodged applications for leave to appeal
to the Constitutional Court against the decision of the Supreme
Court of Appeal.

Shareholders will be informed of any further material developments
in this regard.

Pretoria
23 April 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)


For further information please contact:

Anne Dunn
Tel.: +27 (0)11 502 7404 / +27 (0)82 448 2684
 

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