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ARCELORMITTAL SOUTH AFRICA LIMITED - ACL - Environmental Matters

Release Date: 10/06/2020 10:03
Code(s): ACL     PDF:  
 
Wrap Text
ACL - Environmental Matters

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
(ArcelorMittal South Africa or “the Company”)

Environmental Matters

Shareholders were notified on 3 June 2019 that summons was served on the Company instituting criminal
proceedings related to three alleged transgressions of its Atmospheric Emissions Licence at its
Vanderbijlpark operations. This matter was also reported on in the 2019 Annual Integrated Report.

Shareholders are hereby notified that the matter was concluded on 10 June 2020, and that a plea
agreement between the prosecution and ArcelorMittal South Africa relating to the charge of exceeding
Hydrogen Sulfide (H2S) minimum emissions standards at the Coke making plant for the period 1 January
2016 to 31 December 2016, was accepted by the court.

The Company was accordingly sentenced to a fine and ordered to make a payment to the Department of
Environmental Affairs in the total amount of R3,64 million.

“We have fully cooperated with the investigation and are pleased that the matter has been finalised,
avoiding a lengthy and expensive trial which would not be in anyone’s interests” says Kobus Verster, Chief
Executive Officer of ArcelorMittal South Africa.

“While we acknowledge that emissions at our Vanderbijlpark plant exceeded permissible H2S levels for a
period of time in the past, steps were taken to address the problem but unfortunately the initiatives
implemented did not adequately resolve the problem. Significant investment in a sustainable solution has
subsequently been made, which was also acknowledged by the authorities” adds Verster.

In striving to be, and to be seen as a responsible corporate citizen, ArcelorMittal South Africa continues to
be mindful that the business of the Company should be conducted in a responsible and ethical manner.

The Company therefore remains committed to focusing on and continuously improving its social, economic,
financial and environmental performance.

10 June 2020

Vanderbijlpark Works
For further information please contact:
Mr Tami Didiza: Corporate Communications
Tel: (016) 889 4100

Company Secretary: FluidRock Cosec (Pty) Limited

Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 10-06-2020 10:03:00
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