South Africa’s Department of Mineral Resources (DMR) has, after taking all the relevant considerations into account, granted the residual 21.4% undivided share of the mining right for the Sishen mine to Kumba’s subsidiary, Sishen Iron Ore Co. (SIOC), following the completion of an internal appeal process.
SIOC is now the sole and exclusive holder of the right to mine iron ore and quartzite at the Sishen mine. This residual mining right will be incorporated into the 78.6% Sishen mining right that SIOC successfully converted in 2009.
“As our track record shows clearly, Kumba is fully committed to transformation and will continue contributing toward the achievement of South Africa’s developmental objectives,” said Themba Mkhwanazi, CEO Kumba. “We appreciate the work of the DMR in bringing this matter to a successful conclusion.”