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S Africa Mine Department, ICT Appeal To Go Before Court Friday

JOHANNESBURG -(Dow Jones)- South Africa's Department of Mineral Resources and Imperial Crown Trading Ltd. are due Friday to go before a judge to appeal a court ruling made last year over a disputed iron ore mining right. Kumba Iron Ore Ltd. (KIO.JO), South Africa's largest iron-ore producer and a subsidiary of Anglo American PLC (AAL.LN), began legal action in August 2011 accusing the government of wrongly awarding a lucrative stake in the Sishen mine to politically-connected Imperial Crown Trading, or ICT. The 21.4% stake was previously owned by ArcelorMittal South Africa (ACL.JO), which had lost the right after it failed to convert it under new mineral laws. Kumba already owned the remaining stake. In December 2011, a Pretoria high court ruled that Kumba was the owner of 100% of Sishen and therefore the Department of Mineral Resources, or DMR, was wrong in awarding the stake to ICT and that the deal was void. "ICT and DMR have now applied for leave to appeal this judgment, and this application will be heard on May 11," ArcelorMittal South Africa said Thursday. Arbitration between ArcelorMittal South Africa and Kumba over a pricing agreement dispute that arose over the mine right issue is delayed until the court process is over, the steelmaker reiterated. -By Devon Maylie, Dow Jones Newswires; +27117837848; devon.maylie@dowjones.com

Stock News for Mittal Steel (MT)
DateTimeHeadline
03/16/201514:12:56Report of Foreign Issuer (6-k)
03/02/201511:41:41Automatic Shelf Registration Statement of Securities of Well-known...
03/02/201510:24:50Report of Foreign Issuer (6-k)
02/27/201518:51:15Iron Ore Prices Continue To Weigh In On ArcelorMittal With No...
02/26/201513:57:14Amended Annual and Transition Report (foreign Private Issuer...
02/25/201512:36:51Report of Foreign Issuer (6-k)
02/25/201509:35:35Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
02/24/201514:49:49Annual and Transition Report (foreign Private Issuer) (20-f)
02/23/201510:09:10The Finest Steel Must Endure The Hottest Fire
02/13/201514:27:23Report of Foreign Issuer (6-k)
02/13/201513:14:48ArcelorMittal Narrows Loss, Warns on Earnings -- 2nd Update
02/13/201512:23:46Correction to ArcelorMittal Expects Pressure From Iron Ore Prices...
02/13/201512:22:25ArcelorMittal Expects Pressure From Iron Ore Prices -- 2nd Update
02/13/201512:17:22ArcelorMittal Expects Pressure From Iron Ore Prices -- 2nd Update
02/13/201512:09:18Report of Foreign Issuer (6-k)
02/13/201512:03:11ArcelorMittal Expects Pressure From Iron Ore Prices -- Update
02/13/201503:31:38ArcelorMittal Expects Pressure From Iron Ore Prices
02/12/201512:06:33ArcelorMittal Eyes Swing to Net Profit Despite Iron Ore Price...
02/03/201518:50:10Cliffs Natural Resources Cries Foul Over Steel Imports--Update
02/03/201510:52:59Report of Foreign Issuer (6-k)

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