• Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

  • Money creation made easy

    Changing the money creation system may be simpler than we think, says Edward Ingram.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Sick miners file suit against Anglo

Mar 07 2013 12:36 Reuters


Company Data

ANGLOGOLD ASHANTI LIMITED [JSE:ANG]

Last traded 185.80
Change 3.15
% Change 0.02
Cumulative volume 882439
Market cap 74.91bn

Last Updated: 23/04/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 34.29
Change 1.09
% Change 0.03
Cumulative volume 258782
Market cap 14.94bn

Last Updated: 23/04/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 275.00
Change 1.99
% Change 0.01
Cumulative volume 1040206
Market cap 386.50bn

Last Updated: 23/04/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Silicosis suit could crush gold mines

Miners launch silicosis case

Sick miners to go to arbitration

Miners may face SA's largest damages case

Gold miners slapped with lawsuit

Gold miners' steps up silicosis lawsuit

 

Johannesburg - Lawyers representing gold miners suffering from the deadly lung disease silicosis said on Thursday they had filed a class action lawsuit application against the South African arm of global mining giant Anglo American [JSE:AGL].

The application by the legal groups from South Africa and Britain is the latest in several class action suits being lined up against South Africa's once mighty gold mining industry.

It is likely to be several months before a judge rules whether the case can proceed.

Anglo American, which switched its headquarters from Johannesburg to London in 1999, no longer has gold mines in South Africa but the lawyers said its Johannesburg-based unit still had assets of around $15bn.

The lawyers include London's Leigh Day and South Africa's Legal Resources Centre, a practice focusing on human rights.

They allege that Anglo American South Africa was the parent company of 11 gold mines up until 1998 and that it "negligently controlled and advised its mines with regard to prevention of dust exposure and silicosis".

The class action application stems from a case first lodged in 2004 by 18 ex-gold miners who said they contracted silicosis at Anglo's President Steyn mine in the Free State province. At least three of these men have since died.

The two sides agreed last year to go to arbitration, with a hearing chaired by former chief justice Sandile Ngcobo now expected early next year.

Anglo American said it needed to study the latest legal move, but reiterated its previous denials of any wrong-doing.

"Overall Anglo American does not believe it is in any way liable for the silicosis claims and will defend those actions," spokesperson Pranill Ramchander said.

The case is separate from a silicosis class action bid filed in December against AngloGold Ashanti [JSE:ANG], Gold Fields [JSE:GFI] and Harmony Gold Mining Company [JSE:HAR] and Anglo American South Africa on behalf of 17 000 former miners.

Silicosis, which has no known cure, is contracted by inhaling tiny particles of silica dust from gold-bearing rocks over many years underground without adequate protection.

The disease causes shortness of breath, a persistent cough and chest pains. It also makes people highly susceptible to tuberculosis, which can kill.

Tens of thousands of black miners from South Africa and neighbouring countries are believed to have contracted silicosis during the decades of white-minority rule, when their health and safety were not priorities of the country's gold barons.

If successful, the suits could cost the mining firms billions of dollars, according to legal and industry experts.

The largest settlement to date by the mining industry in South Africa was $100m in 2003 in a case brought against an asbestos company.  


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

anglo american  |  silicosis  |  mining
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Cope loses members to ANC

President of the Cope Youth Movement, Abel Rangata, and three other Cope members have resigned from the party to join the ANC.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...