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Raymond Zondo
 
IRON-ORE

SCA ruling moves Mittal, Kumba dispute a step closer to resolution

The long-running iron-ore dispute between ArcelorMittal South Africa (Mittal) and Kumba Iron Ore took a step towards resolution on Thursday, when the Supreme Court of Appeal (SCA) dismissed an appeal by Imperial Crown Trading 289 (ICT) and the...
By: Terence Creamer
28 Mar 13
 
 
STEEL & MINING

Mittal sets aside more than R20m to explore N Cape iron-ore prospect

JSE-listed steel producer ArcelorMittal South Africa (Mittal) has confirmed the acquisition of nearly 20% of an iron-ore exploration project in the Northern Cape province. CE Nonkululeko Nyembezi-Heita reported on Thursday that early stage...
By: Terence Creamer
10 May 12
 
 
STEEL & MINING

Mittal seeks govt approval for N Cape iron-ore acquisition

Africa's largest steel producer ArcelorMittal South Africa (Mittal) has completed its due diligence of an unnamed iron-ore exploration prospect in the Northern Cape and would move to buy the resources once it had received the necessary approvals...
By: Terence Creamer
07 Feb 12
 
 
REAL ECONOMY: RIGHTS DISPUTE

Entirely Avoidable

Given the amount of reputational damage done to South Africa as a result of the Sishen mineral rights dispute, Judge Raymond Zondo’s assessment that the “matter could have been handled better by all parties involved”, was arguably the...
By: Terence Creamer
20 Jan 12
 
 
STEEL PRICING

Govt studying Sishen ruling, but will push for developmental price

Trade and Industry Minister Dr Rob Davies says the South African government continues to view a developmental steel price as an "obligation" of the 2001 unbundling of Iscor into separate mining and steel companies and that it would continue to...
By: Terence Creamer
16 Jan 12
 
 
CORPORATE DISPUTE

Mittal, Kumba delay iron-ore arbitration while legal loose ends are tied

Steel producer ArcelorMittal South Africa (Mittal) has proposed a delay to arbitration proceedings with Kumba Iron Ore (Kumba) regarding the status of the Sishen supply agreement until a mining rights dispute, currently the subject of a High Court...
By: Terence Creamer
09 Dec 11
 
 
STEEL

Mittal raises SA steel prices despite global price pressure

Steel producer ArcelorMittal South Africa, which slumped to a dramatic third-quarter loss of R460-million on the back of serious operational disruptions and a rise in input costs, said it had increased domestic selling prices from November 1...
By: Terence Creamer
03 Nov 11
 
 
Corporate Dispute

Billions at stake as court reviews Sishen dispute

The much anticipated legal review of the Department of Mineral Resources (DMR) controversial decision to grant Imperial Crown Trading 289 (ICT) a prospecting right at the Sishen mine, in the Northern Cape, has been heard in the North Gauteng High...
By: Terence Creamer
26 Aug 11
 
 
REAL ECONOMY: SISHEN BATTLE

High stakes

Judge Raymond Zondo of the North Gauteng High Court made it painfully clear last week that he was all too aware of the stakes, as he began considering the oral and written arguments presented to him as part of a review of the Department of Mineral...
By: Terence Creamer
26 Aug 11
 
 
LEGAL REVIEW

DMR's reference to criminal charges in civil Sishen review 'reckless'

Lawyers acting for Sishen Iron Ore Company (SIOC) described the decision by the Department of Mineral Resources (DMR) to air plans to criminally charge SIOC during a review of an application lodged by Imperial Crown Trading 289 (ICT) as "reckless"...
By: Terence Creamer
18 Aug 11
 
 
LEGAL REVIEW

Judge needs time to consider ‘complex’ Sishen matter as hearing wraps

Proceedings in the North Gauteng High Court, in Pretoria, to review the Department of Mineral Resources’ (DMR’s) decision to grant Imperial Crown Trading 289 (ICT) a prospecting right over 21.4% of the Sishen mine, in the Northern Cape,...
By: Terence Creamer
18 Aug 11
 
 
CORPORATE DISPUTE

State to lay charges against Kumba for subverting of Act, manipulating officials

The Department of Mineral Resources (DMR) is likely to lay charges against Kumba Iron Ore next week following revelations by Advocate Willie Vermeulen in the North Gauteng High Court on Wednesday that such charges were being prepared. Details...
By: Terence Creamer
17 Aug 11
 
 
 
 
 
 
 
 
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