*NUMSA STATEMENT ON ACELORMITTAL AND KUMBA DISPUTE*

*20 July 2010*

The National Union of Metalworkers of South Africa (Numsa) notes the raging
steel price war between ArcelorMittal and Kumba Iron Ore (mainly owned by
Anglo American), which has been referred to mediation with the possibility
of saving 4000 jobs that are now threatened.

We welcome the mediation process on this impasse, but Numsa remains deeply
worried. We believe that such a strategic resource should never be the
subject of a turf war for narrow, self-centered accumulation by these two
imperialist owned entities. Already our economy has suffered as a result of
the privatization of Iscor (now ArcelorMittal), by the high cost of steel
which is crippling domestic manufacturing, and by the outflow of profits to
the firms’ headquarters in Luxembourg and London.

This dispute is another sign of the failure by our economy’s managers, to
transform the colonial character of our resource base. We recall the Freedom
Charter, which mandated that the minerals beneath the soil and monopoly
capital be transferred to the hands of our people as a whole. It is
disheartening that exactly 16 years into our democratic dispensation the
wealth of our country is still in the hands of multinational corporate
executives. For how long are we going to outsource mineral resources to the
manipulative profiteers, whilst the majority of our people live in economic
conditions worse than apartheid?

With the Freedom Charter guiding us, we reiterate our call for the
nationalization of ArcelorMittal, so that the ‘people shall share in the
country’s wealth’. Ongoing bickering by ArcelorMittal and Kumba provides our
peoples’ government, led by the revolutionary African National Congress
(ANC), the rationale to take over ArcelorMittal. Along with many in the ANC
and Alliance, we believe that the nationalization of strategic components of
our economy will enable our government to deal decisively with the inherent
underdevelopment and structural challenges of our economy, and transcend the
period of pre-history dominated by capitalism and greed.

We call on our members who are threatened by ArcelorMittal with job losses
to fight back militantly to retain their employment in the face of stubborn
poverty levels and inequalities.

*Castro Ngobese*

*National Spokesperson – 073 299 1595*

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