Kumba Iron Ore Mining Rights

FM reported South Africa’s  top legal minds will try to find a way around Judge Raymond Zondo’s ruling regarding Sishen Iron Ore Co.

As quoted in the market news:

The suit against the department of mineral resources’ (DMR) granting of a prospecting right at Sishen to Imperial Crown Trading (ICT) was brought by Anglo American-controlled Kumba Iron Ore and ArcelorMittal SA (Amsa).

There were a lot of unhappy faces in the North Gauteng high court after last week’s judgment, with the exception of Amsa’s team, who were clearly delighted.

Click here to read the full FM report.