Anglo, ArcelorMittal Await Ruling on S. African Iron Ore Permit

A South African court will rule tomorrow on whether the state wlocal suppliers of stone crusher machineas correct to award a prospecting right over the country’s largest iron-ore mine to a company whose owners include a business partner of President Jacob Zuma’s son.

ArcelorMittal South Africa in June joined Anglo American unit Kumba Iron Ore in asking the North Gauteng High Court in Pretoria to overturn the award of a 21.4 percent right at the Sishen iron-ore mine, previously held by ArcelorMittal South Africa, to closely held Imperial Crown Trading 289 ICT’s owners include Jagdish Parekh, a business partner of Zuma’s son, Duduzane. Kumba holds the rest of the Sishen right through Sishen Iron Ore, which is partly owned by Exxaro Resources “It will go against anyone’s logic if ICT gets the right,” Mohamed Kharva, an analyst at...