Anglo American's Kumba Ordered to Withdraw From Senegal Iron-Ore Project

(Bloomberg) -- Anglo American Plc's Kumba Iron Ore Ltd., the world's fourth-largest iron-ore producer, withdrew from the Faleme iron-ore project after the Senegalese government ordered it to do so.

``Kumba has instituted summary proceedings in Senegal'' because its contractual rights to the project were violated by the government, the Pretoria, South Africa-based company said today in a statement to the Johannesburg stock exchange. It will seek international arbitration, it added.


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