Thabazimbi mine to be transferred to AMSA

Kumba Iron Ore has agreed to transfer its Thabazimbi mine, in Limpopo, to ArcelorMittal South Africa (AMSA). Until 2014, the mine was a captive mine owned and run by Kumba subsidiary Sishen Iron Ore Company (SIOC), but was funded by and supplied ore exclusively to AMSA. AMSA is, therefore, responsible for 96% of the mine’s rehabilitation liability, while SIOC is responsible for the site’s management and the remainder of the liability.