ARCELORMITTAL SOUTH AFRICA CONCLUDES B-BBEE TRANSACTION THAT WILL ENSURE BROAD-BASED PARTICIPATION IN THE COMPANY

Johannesburg, 28 September 2016: ArcelorMittal South Africa today announced the terms of its broad-based black empowerment transaction, which takes the company another step closer to compliance with the requirements of the country’s B-BBEE Codes of Good Practice. This follows the announcement by ArcelorMittal South Africa in the first quarter of 2016 that Likamva Resources, a 100% black-owned and 58% black women-owned company, was selected as its preferred partner.

 

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