Busi­ness BRIEF­ING Dis­pute over SA min­ing rights stalls

Weekend Argus (Saturday Edition) - - BUSINESS -

ARCELOR­MIT­TAL South Africa and Sishen Iron Ore Com­pany, a unit of Kumba Iron Ore, said yes­ter­day it was not pos­si­ble for ar­bi­tra­tion to pro­ceed over their min­ing rights dis­pute un­til High Court pro­ceed­ings on the mat­ter are fi­nalised.

Arcelor­mit­tal con­tends that Sishen was awarded a 100 per­cent min­ing right, while the lat­ter says it was awarded only a 78.6 per­cent min­ing right.

A South African judge is sched­uled to hand down a de­ci­sion on the dis­pute next week.

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