ARCELORMITTAL SOUTH AFRICA LIMITED - Cautionary Announcement: Update regarding Supply Agreement discussions with Kumba Iron Ore Limited (Kumba)

Release Date: 27/09/2013 08:30
Code(s): ACL
 
Wrap Text
Cautionary Announcement: Update regarding Supply Agreement discussions with Kumba Iron Ore Limited (“Kumba”)

ArcelorMittal South Africa Limited
Registration number: 1989/002164/06
Share code: ACL
ISIN: ZAE 000134961
(“ArcelorMittal South Africa”)


CAUTIONARY ANNOUNCEMENT: UPDATE REGARDING SUPPLY AGREEMENT
DISCUSSIONS WITH KUMBA IRON ORE LIMITED (“KUMBA”)

Shareholders were previously advised that the Sishen Iron Ore
Company   (Pty)  Ltd   (“SIOC”)  and   ArcelorMittal   South  Africa
(collectively “the Parties”) had reached agreement on the basis of
the new interim pricing agreement governing the terms and conditions
on which SIOC will sell iron ore to ArcelorMittal South Africa from
the Sishen Mine with effect from 1 January 2013 until 31 December
2013 or until the conclusion of the legal processes in relation to
the 2001 Sishen Supply Agreement (whichever is sooner).

Pursuant to the objective of ensuring long term stability and
security of iron ore supply, shareholders are advised that
discussions are underway on the possibility of a new supply
agreement for iron ore from Kumba’s  mines including Sishen and
Thabazimbi.

Shareholders are advised to exercise caution when dealing in
ArcelorMittal South Africa’s securities until a further announcement
is made.

27 September 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

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