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Mines make room for silicosis settlements

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Johannesburg - It is unclear how exactly multinational mining giant Anglo American came to the $101m (R1.3bn) “best estimate” it announced this week for settling its liability in the now 13-year-old legal battle to compensate mine workers suffering from lung diseases.

Coincidentally, Gold Fields also announced its provision for a settlement as part of its financial results this week, amounting to $30.2m.

This brings the value of the two provisions to R1.7bn.

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