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KUMBA IRON ORE LIMITED - Update on residual 21.4% mining right for Sishen mine

Release Date: 03/11/2015 15:00
Code(s): KIO     PDF:  
Wrap Text
Update on residual 21.4% mining right for Sishen mine

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" or the “Company”)

Kumba update on residual 21.4% mining right for Sishen mine and cautionary announcement

Kumba Iron Ore Limited (“Kumba”) has received notice from the Department of Mineral Resources
(“DMR”) that the Director General of the DMR has consented to the amendment of Sishen Iron Ore
Company (Pty) Ltd (“SIOC’s”) mining right in respect of the Sishen mine to include the residual 21.4%
undivided share of the mining right for the Sishen mine.

Kumba has noted that the consent to amend SIOC’s mining right is stated to be subject to a number of
conditions, which are described by the DMR as “proposals”. Kumba and SIOC are currently considering
the terms of the consent and the legal and practical implications of the proposed conditions on Kumba
and SIOC. Once Kumba and SIOC have had an opportunity to engage fully with the DMR in this regard
and to consider the precise meaning and scope of the proposed conditions, shareholders will be updated
as appropriate.

Shareholders are advised to exercise caution when trading in the Company’s shares and securities.

Notes to editors:

The Constitutional Court ruled on 12 December 2013 that the residual 21.4% undivided share of the
mining right in respect of SIOC’s Sishen mine remained available for allocation by the DMR and that,
based on the provisions of the Mineral and Petroleum Resources Development Act (“MPRDA”), only
SIOC could apply to be granted the residual right. SIOC subsequently applied to the DMR in relation to
the residual right.

Centurion
3 November 2015

For further information, please contact:

Media                                                  Investors
Nikki Wetzlar                                          Nerina Bodasing
Tel: +27 (0)12 683 7019                                Tel: +27 (0)12 622 8324
Mobile: +27 (0) 82 561 7407                            Mobile: +27 (0) 82 940 7505


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

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