Legal proceedings
During the second half of 2009 SIOC
concluded the arbitration over Sishen South
(Kolomela Mine) with ArcelorMittal. The
Arbitration panel determined that ArcelorMittal
is not entitled to demand equity participation
in the Kolomela Mine, or any other future
new development of SIOC. This significant
conclusion to the arbitration process represents
an important operating profit preservation for
the group.
Exxaro
- Total returned cash: R3,951 million
Community trust
- Total returned cash: R593 million
- R23 million available for funding projects
- R570 million used to repay funding
and interest
Envision*
- Total returned cash: R593 million
- R125 million paid to employees
- R468 million used to repay funding
and interest
* Broad-based employee share participation scheme
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