Harmony Gold Strikes Truce With Arcelor

Law360, New York (September 14, 2009, 3:30 PM EDT) -- After years of fighting over alleged competition violations, Harmony Gold Mining Co. Ltd. and Drdgold Ltd. have backed off on a long-standing complaint that accused ArcelorMittal South Africa of excessive pricing regarding flat steel products.

The parties revealed Monday that they had withdrawn their claims against ArcelorMittal South Africa in light of a confidential settlement.

"Harmony and Drdgold withdrew their complaint, which remained unresolved after several years of litigation, following the conclusion of a settlement agreement with ArcelorMittal," the companies said in a joint statement."The parties...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.