Bloomberg News

ArcelorMittal to Appeal South Africa Court Order, Times Says

July 15, 2012

ArcelorMittal (MT) plans to appeal a South African court ruling that requires the steelmaker to invest 241 million rand ($29 million) in the Kalagadi Manganese project, the Sunday Times reported.

The steelmaker stopped funding the project last year after it disagreed with how contracts for suppliers were awarded, the Johannesburg-based newspaper said, citing the company and court documents.

To contact the reporters on this story: Andres R. Martinez in Johannesburg at amartinez28@bloomberg.net;

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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