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ArcelorMittal SA, Kumba Negotiating Iron Ore Price Pact Extension

By Devon Maylie JOHANNESBURG--ArcelorMittal South Africa (ACL.JO) and Kumba Iron Ore Ltd. (KIO.JO), South Africa's largest iron-ore producer, both said Wednesday that they are negotiating an extension to an interim pricing agreement over the sale of iron ore, following a dispute over the Sishen mine. At the end of last year South Africa's High Court ruled that Kumba, a subsidiary of Anglo American PLC (AAL.LN), was the full owner of Sishen after a small company called Imperial Crown Trading had been awarded a lapsed stake previously owned by ArcelorMittal. The ownership is now being appealed by Imperial. Kumba used to sell iron ore, a key ingredient to make steel, to ArcelorMittal at cost plus 3%. That agreement is being disputed while the Sishen ownership issue is still going through the courts. In the interim, ArcelorMittal and Kumba agreed on an interim pricing structure, which lapsed in July. The two companies said Thursday they are currently negotiating an extension to the interim pricing agreement. Write to Devon Maylie at devon.maylie@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Mittal Steel (MT)
DateTimeHeadline
05/04/201611:13:18Report of Foreign Issuer (6-k)
05/02/201613:57:34Report of Foreign Issuer (6-k)
04/26/201613:53:00Report of Foreign Issuer (6-k)
04/26/201612:15:00ArcelorMittal to Redeem $1.4 Billion in Notes due in 2017
04/25/201613:32:29Report of Foreign Issuer (6-k)
04/19/201610:40:07Report of Foreign Issuer (6-k)
04/18/201613:11:23Report of Foreign Issuer (6-k)
04/13/201618:26:00ADRs End Higher; Steelmakers, Mining Companies Rise
04/13/201611:04:00Global Steel Demand to Fall Further in 2016 - World Steel Association
04/13/201608:43:00Worldsteel Forecasts Global Steel Demand Will Contract Again...
04/12/201612:05:17Amended Statement of Beneficial Ownership (sc 13d/a)
04/11/201611:31:00ArcelorMittal Launches Tender to Buy Back up to $3.2 Billion...
04/11/201610:45:04Report of Foreign Issuer (6-k)
04/08/201611:05:34Report of Foreign Issuer (6-k)
04/07/201607:48:04Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
04/04/201617:27:12Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
04/04/201617:26:46Report of Foreign Issuer (6-k)
04/04/201610:59:08Report of Foreign Issuer (6-k)
04/04/201603:47:00ArcelorMittal Secures up to $1 Billion in Financing for its U.S...
04/01/201612:50:00Thyssenkrupp, Tata in Talks on Steel Tie-Up -- 3rd Update

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