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So. Africa: Class-action silicosis case likely to take six months to settle as three new companies join the matter

Author: Allan Seccombe, Business Day (South Africa), Published on: 26 February 2018

"Class-action silicosis case likely to take six months to settle as three new companies join the matter", 7 Feb 2018

Hopes of a quick resolution to the occupational lung disease (OLD) class-action, which includes thousands of former miners afflicted with silicosis, have been tempered, with expectations of a settlement to take to the courts expected in the next six months instead of early this year as three new companies join the matter...[F]ormer CEO of Harmony and now chair of the working group on OLD, said the lawyers and parties involved in the class-action were hammering out a complex settlement, with a lot of details needing to be resolved before the matter could be returned to court for ratification...The six mining companies are Harmony Gold, Gold Fields, African Rainbow Minerals, Sibanye-Stillwater, AngloGold Ashanti and Anglo American. Just recently, Pan African Resources, DRDGold, and Randgold & Exploration have joined the matter...In the 12 months to end-October 2017, there were 7,756 compensation payments made to former miners with OLDs, worth R226m, compared to 1,628 compensation payments worth R79m in the same period in 2015.

Read the full post here

Related companies: African Rainbow Minerals Anglo American AngloGold Ashanti DRDGold Gold Fields Harmony Gold Randgold