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AAL Anglo American Plc

2,430.50
-72.00 (-2.88%)
Last Updated: 10:53:13
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglo American Plc LSE:AAL London Ordinary Share GB00B1XZS820 ORD USD0.54945
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -72.00 -2.88% 2,430.50 2,430.00 2,431.50 2,487.50 2,430.50 2,477.50 292,527 10:53:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 30.84B 283M 0.2116 115.00 33.47B

Kumba: Company Applied For Mining Right At Sishen Mine

14/01/2011 3:09pm

Dow Jones News


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Kumba Iron Ore Ltd. (KIO.JO), South Africa's largest producer of the steel-making ingredient, Friday said it has been notified little-known Imperial Crown Trading 289 has applied for a mining right on a minority stake in its Sishen Mine.

The application has been accepted by the Department of Mineral Resources, which Kumba said it believes is unlawful as there is a pending High Court review of the government's earlier decision to award ICT a prospecting right on a 21.4% interest in Sishen.

The rights to the 21.4% stake in Sishen belonged to steel producer ArcelorMittal South Africa Ltd. (ACL.JO) until they lapsed.

Kumba said it will appeal the decision to accept the mining right application from ICT, adding neither ICT nor the government have as yet filed answering affidavits to the High Court review.

Kumba is majority owned by Anglo American PLC (AAL.LN).

-By Robb M. Stewart, Dow Jones Newswires; +27 11 783 7848; robb.stewart@dowjones.com

 
 

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