African Rainbow Minerals sets aside R319m for silicosis settlement
Financial provision has been made to cover the legal costs of the claimants’ attorneys, and costs of establishing and administering a trust
Patrice Motsepe-chaired African Rainbow Minerals (ARM) has set aside R319m for the lawsuit aimed at compensating victims of silicosis and other occupational lung diseases.
In July, a R5bn settlement between six gold miners, including ARM, and workers was approved by the high court in Johannesburg. This was the result of a historic class action dating back to 2012...