Company announcements Home » Investors » News » Company announcements » Gold mining companies settle silicosis litigation 2018 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Gold mining companies settle silicosis litigationMay 03, 2018Johannesburg, Thursday, 3 May 2018. It has been announced today that the Occupational Lung Disease Working Group – representing ourselves and African Rainbow Minerals, Anglo American SA, AngloGold Ashanti, Gold Fields and Sibanye-Stillwater have reached agreement with lawyers representing claimants in the silicosis class action litigation. The full statement with detail of the settlement can be found at www.oldcollab.co.za. The companies last year announced amounts that each has provided for as the estimated cost to them of the settlement based on actuarial assessments. These amounts total approximately R5 billion. Harmony is pleased at the conclusion of these highly complex negotiations. As the Working Group statement indicates, the agreement is still subject to ratification by the High Court. Harmony looks forward to the successful conclusion of that process. Once that and certain other conditions precedent are concluded, it will be possible fully to withdraw the appeal in the Supreme Court of Appeal of the Johannesburg High Court’s class certification judgment delivered in May 2016. Harmony welcomes the settlement which represents a fair outcome for claimants and a sustainable outcome for the companies. For more details contact: InvestorLauren Fourie Investor Relations Manager +27(0) 71 607 1498 (mobile) MediaSihle Maake Group communications manager +27(0) 83 722 5467 (mobile) JSE Sponsor: J.P. Morgan Equities South Africa Propriety Limited Harmony Gold Mining Company Limited (Harmony), a world-class gold mining and exploration company, has operations and assets in South Africa and Papua New Guinea (PNG). Harmony has more than 60 years’ experience in the industry. Company assets include one open pit mine and several exploration tenements in PNG, as well as 10 underground mines and 1 open pit operation and several surface sources in South Africa. In addition, Harmony owns 50% of the significant Wafi-Golpu copper-gold project – a tier 1 asset – in a joint venture in PNG. The company’s primary stock exchange listing is on the JSE with a secondary listing on the New York Stock Exchange. The bulk of our shareholders are in South Africa and the United States. Additional information on the company is available on the corporate website, www.harmony.co.za.
