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Gold miners want Mittal to be fined R1,4bn

Clipped to the Drawing Board by John Chadwick

South African gold miners Harmony and DRDGold have requested the Competition Tribunal to impose a fine of R1,48-billion - the equivalent of eight percent on Arcelor Mittal Steel South Africa’s R18,5-billion turnover for the year ended December 31, 2003 - after having ruled earlier this year that the company was guilty of charging excessive prices on the flat-steel it sold to domestic customers.

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Sunday 29 July, 2007 12:12 PM

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