trending Market Intelligence /marketintelligence/en/news-insights/trending/nTNzanGyubHcZJ0UseYJhg2 content esgSubNav
In This List

ArcelorMittal South Africa faces 15M rand fine for breaching emissions license

Blog

Gold Market Outlook

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices


ArcelorMittal South Africa faces 15M rand fine for breaching emissions license

ArcelorMittal South Africa Ltd. may be fined by up to 15 million South African rand over alleged breaches of its emissions license at its Vanderbijlpark steelworks site.

The company is facing two charges for conducting unlicensed activities and one charge for exceeding certain minimum emission standards.

The ArcelorMittal unit received on May 30 a summons instituting criminal proceedings for the charges. The company said June 3 that it has obtained legal advice from its senior counsel and would adhere to the relevant legal processes.