ArcelorMittal in agreement with Kumba

An interim pricing agreement between Kumba Iron Ore and ArcelorMittal South Africa (Amsa) yesterday, saying critical issues arising from the dispute between the parties were still unresolved. Kumba and Amsa announced that they had reached an interim pricing agreement for iron ore supplied from Kumba subsidiary Sishen Iron Ore Company after the government stepped in last week to mediate a deal. The conclusion of the interim agreement, which is in force until the end of July 2011, has seen Amsa withdraw its threat to shut down Saldanha Steel, its plant in the Northern Cape.  

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