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Anglo, gold miners set aside millions for lung disease claims

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Johannesburg - South African mining firms, including Anglo American [JSE:AGL], are preparing a billion rand settlement with as many as 100 000 former workers who suffer from debilitating and deadly lung diseases caused by exposure to dust from working underground.

Anglo has set aside $101m (R1.3bn) in preparation for a potential settlement, while Gold Fields expects to pay about $30m (R388m) to end a class action lawsuit, the companies said in separate statements on Thursday. 

AngloGold Ashanti [JSE:AGL], Sibanye Gold [JSE:SGL] and Harmony Gold [JSE:HAR] Mining are among 32 respondents named in the suit, which would be the country’s biggest class action.

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