Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1674
    +0.0017 (+0.15%)
     
  • GBP/USD

    1.2486
    -0.0025 (-0.20%)
     
  • Bitcoin GBP

    51,040.75
    -290.64 (-0.57%)
     
  • CMC Crypto 200

    1,324.93
    -71.61 (-4.92%)
     
  • S&P 500

    5,108.22
    +59.80 (+1.18%)
     
  • DOW

    38,290.71
    +204.91 (+0.54%)
     
  • CRUDE OIL

    84.06
    +0.49 (+0.59%)
     
  • GOLD FUTURES

    2,347.30
    +4.80 (+0.20%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

South African mining firms to appeal silicosis ruling

(Recasts with comment from mining firms, changes dateline)

JOHANNESBURG, June 3 (Reuters) - South African gold mining firms plan to appeal against a High Court ruling that allowed class action suits seeking damages for up to half a million miners who contracted the fatal lung disease silicosis and tuberculosis, they said on Friday.

A High Court decision last month set the stage for protracted proceedings covering cases dating back decades in the largest class action suits yet in Africa's most industrialised country.

Anglo American (LSE: AAL.L - news) , Africa's top gold producer AngloGold Ashanti (Xetra: AOD.DE - news) , Gold Fields (LSE: 0QQ8.L - news) , Harmony Gold, Sibanye Gold (Other OTC: GDCWF - news) and African Rainbow Minerals, have formed the Occupational Lung Disease (OLD) group to deal with such issues.

ADVERTISEMENT

The group confirmed that the companies had filed individual applications to appeal the class certification judgment handed down on May 13, adding that the firms have been seeking a settlement with the affected workers.

"Whilst the companies deny liability for the claims, it is nonetheless the working group's view that a fair and sustainable settlement is preferable to long and protracted litigation," the OLD said in a statement, adding that the discussions have been going for more than a year.

Charles Abrahams, an attorney who acted on behalf of the miners, had told Reuters in Cape Town that the companies planned to appeal the court ruling.

Silicosis is an incurable disease caused by inhaling silica dust from gold-bearing rocks. It (Other OTC: ITGL - news) causes shortness of breath, a persistent cough and chest pains, and also makes people highly susceptible to tuberculosis.

The court had estimated that more than half a million claimants could be involved in the cases against the firms.

"Assuming a conservative claim of $6,500 per claimant, this approximates claims in the total amount of $3.25 billion," said Max Ebrahim, an insurance partner at law firm Clyde & Co. (Reporting by TJ Strydom and Wendell Roelf; Editing by James Macharia)