R/€ = 15.70 Change: -0.10
R/$ = 13.53 Change: -0.10
Au 1280.47 $/oz Change: -19.54
Pt 884.00 $/oz Change: -20.07
 
 
R/€ = 15.70 Change: -0.10
R/$ = 13.53 Change: -0.10
Au 1280.47 $/oz Change: -19.54
Pt 884.00 $/oz Change: -20.07
 
 
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Gold miners' silicosis lawsuit settlement expected within 6 weeks

11th March 2018 BY: Reuters

JOHANNESBURG – South African gold producers will likely reach a settlement within six weeks in a lawsuit over a fatal lung disease that companies have set aside R5-billion ($420-million) in provisions for, a lawyer and industry group said on Sunday.

"I am confident we will finalise the settlement within six weeks," Richard Spoor, the human rights lawyer who has spearheaded the class action suit over the disease silicosis, which gold miners contract while working underground, told Reuters.

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A spokesperson for the working group on Occupational Lung Disease (OLD), a group put together by the six companies involved, said it was is "hopeful" the settlement can be reached in that timeframe. 

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EDITED BY: Reuters
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