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Sishen Rights Belong to Sishen Iron Ore, Full Ruling Shows
Dec 21,2011 10:10CST
industry news
Source:SMM
The High Court of South Africa’s North Gauteng Division issued its full judgment on the disputed issue of a stake in a mining deposit at the country’s Sishen complex.

The High Court of South Africa’s North Gauteng Division issued its full judgment on the disputed issue of a stake in a mining deposit at the country’s Sishen complex, the country’s largest iron-ore mine.

Sishen Iron Ore Co., owned by Anglo American Plc unit Kumba Iron Ore and Exxaro Resources Ltd., holds the rights over the Sishen deposit, and any decision to award a stake to parties including Imperial Crown Trading 289 (Pty) Ltd. is void, the court said in a judgment sent today by e-mail.

The court released an outline ruling last week. It overturned the award of prospecting rights for the Sishen mine to Imperial Crown Trading, whose owners include Jagdish Parekh, a business partner of President Jacob Zuma’s son, Duduzane.

 

High Court
South Africa
North Gauteng Division
Sishen complex
judgment

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