UPDATE 3-South Africa miners reach $400 mln silicosis settlement with mining companies [Reuters]
Gold Fields Limited American Depositary Shares (GFI)
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Source: Reuters
UPDATE 3-South Africa miners reach $400 mln silicosis settlement with mining companies | Reuters Reuters Staff 5 Min Read * Final settlement will depend on number of claimants * Silicosis contracted by inhaling silica dust in gold mines * Class action suit was launched in 2012 (Adds details, quotes) By Ed Stoddard and Patricia Aruo JOHANNESBURG, May 3 (Reuters) - South African gold producers agreed a 5 billion rand ($400 million) class action settlement on Thursday with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis, officials said on Thursday. The most far-reaching class action settlement ever reached in South Africa follows a long legal battle by miners to win compensation for illnesses they say they contracted over decades because of negligence in health and safety. The six companies involved had already set aside the settlement amount in provisions in previous financial statements and it should not affect future earning
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