Sishen ditches Mittal deal

SISHEN Iron Ore - owned by Kumba Iron Ore - has served a statement of claim on ArcelorMittal SA in order to speed up an arbitration process.

SISHEN Iron Ore - owned by Kumba Iron Ore - has served a statement of claim on ArcelorMittal SA in order to speed up an arbitration process.

In a statement yesterday, Kumba said its agreement with ArcelorMittal on the supply of iron ore from the Sishen mine had become inoperative in its entirety as of May last year.

The deal was concluded in 2001. - Sapa

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