In the social media and in a recent article in FrontPage Africa, we saw a letter from an Arcelor Mittal Chief Executive Officer – Mr. Lowe, that contained misleading information and erroneous references to an exchange between Prista and Arcelor Mittal which presumably had taken place in London. During this meeting we expressed our readiness to cooperate with Arcelor Mittal in respect of their plans for expansion of their operations. Further procedures in respect of the Concession Area are set in Part 2 of Appendix I to present agreement. To further clarify, the Concession Agreement clearly prescribes inter alia that Prista does NOT have exclusive rights on it. Mr. Lowe’s statement about ‘overlapping” of the concession area does not have legal rounds and cannot be considered as true.

Source: Front Page Africa December 18, 2019 05:48 UTC