All data is delayed
Loading...
See More

Gold firms form working group on lung disease

Mar 20 2016 13:26
Kevin Crowley


Company Data

HARMONY GOLD MINING COMPANY LIMITED [JSE:HAR]

Last traded 32
Change 1
% Change 2
Cumulative volume 2181754
Market cap 0

Last Updated: 02-12-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 212
Change 2
% Change 1
Cumulative volume 2714151
Market cap 0

Last Updated: 02-12-2016 at 05:07. Prices are delayed by 15 minutes. Source: McGregor BFA

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 44
Change 1
% Change 2
Cumulative volume 5890381
Market cap 0

Last Updated: 02-12-2016 at 05:05. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Sasol damages suit amounts to R80m

Gold mines move to crush silicosis suit

Plans for R1.5bn fund for miners with lung disease

Industry makes $7 000 for each tobacco death

Big five gold mines to tackle lung disease

Sick miners file suit against Anglo

 

Johannesburg - South African gold-mining companies, some of which are being sued for historical incidents of lung disease, formed a working group to pay compensation to affected workers and prevent new cases occurring.

The group, which includes AngloGold Ashanti [JSE:ANG], Anglo American South Africa [JSE:AGL] and Sibanye Gold [JSE:SGL], plans to set up a so-called legacy fund to supplement compensation paid by the state, it said in an op-ed in Johannesburg-based City Press Sunday.

“While there rests a fiduciary obligation on company managements to vigorously defend the legal challenge they face, it is also within their remit to find a solution that could provide a mutually acceptable outcome for all parties concerned,” they wrote.

Sufferers of silicosis, a lung disease caused by inhaling dust from mines, are planning a class-action lawsuit against mining companies, which they say provided unsafe working conditions. Anglo American Plc’s South African unit and AngloGold settled a separate case related to silicosis earlier this month for about 500 million rand ($33 million).

African Rainbow Minerals [JSE:ARI], Gold Fields [JSE:GFI] and Harmony Gold Mining [JSE:HAR] are also part of the working group.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

NEXT ON FIN24X

 
 
 
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

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

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...