ArcelorMittal deal annoys workers
Workers in the Northern Cape has added their voice to criticism orotary kiln design manualsf ArcelorMittal SA's empowerment deal in Kumba's Sishen mine in the province. The Congress of SA Trade Unions (Cosatu) in the province said it was "totally disgusted" by the empowerment deal which would benefit a handful of individuals.
"What is of serious concern in this deal is the fact that a bigger chunk of the R9 billion deal is said to be going to a handful of individuals that include Duduzane Zuma, who is the president's son," it said in a statement. The comments relate to the department of mineral resources awarding prospecting rights at Kumba Iron Ore's Sishen mine to Imperial Crown Trading (ICT), which has close links with Duduzane Zuma. ArcelorMittal SA recently announced the sale of a 26 percent stake in its assets to black investors, including the owners of ICT. Cosatu's provincial secretary Anele Gxoyiya said the deal creates the impression that only the politically connected stand to benefit from the country's economic resources...
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