Harmony Gold, Other SA Miners Settle Silicosis Class Action Litigation
04 May 2018 - 12:44AM
Dow Jones News
By Dimitrios Kontos
Harmony Gold Mining Co. (HAR.JO) said Thursday that a working
group representing the company and other South African miners has
reached an agreement with lawyers representing claimants in the
silicosis class action litigation.
The working group also represents African Rainbow Minerals Ltd.
(ARI.JO), Anglo American PLC (AAL.LN), AngloGold Ashanti Ltd.
(ANG.JO) , Gold Fields Ltd. (GFI.JO) and Sibanye-Stillwater Ltd.
(SBGL).
The agreement is still subject to ratification by the High
Court, and once that and certain other conditions are met it will
be possible to withdraw the appeal in the Supreme Court of Appeal
of the Johannesburg High Court delivered in May 2016, the gold
miner said.
The class action suit was launched on behalf of miners who
contracted silicosis and tuberculosis in gold mines.
The companies said last year they estimated the cost of the
settlement to be about 5 billion South African Rand ($395
million).
Harmony welcomes the settlement, which represents a fair outcome
for claimants and a sustainable outcome for the companies, it
said.
Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
May 03, 2018 10:29 ET (14:29 GMT)
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