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Mining right finally returned to Kumba Iron Ore’s Sishen

Settled – at Last

By:  
Creamer Media Editor
 
IRON-ORE
A long-running legal dispute, which arose in 2010, came to a head on Thursday when South Africa’s Department of Mineral Resources (DMR) returned the residual 21.4% undivided share of the mining right for the Sishen mine to Kumba Iron Ore subsidiary, Sishen Iron Ore Company (SIOC). The 21.4% share, initially held by steelmaking company ArcelorMittal South Africa (AMSA), has been the subject of a head-scratching dispute, which arose six years ago when the DMR controversially granted the right to politically connected company Imperial Crown Trading (ICT).
 
 
 
 
 

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