Gold Mining Companies Settle Silicosis Litigation
Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
JSE share code: HAR
("Harmony" or the "Company")
GOLD MINING COMPANIES SETTLE SILICOSIS LITIGATION
Johannesburg, 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
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:
Investor Relations Manager
+27 (0)71 607 1498 (mobile)
Group Communications Manager
+27 (0)83 722 5467 (mobile)
3 May 2018
J.P. Morgan Equities South Africa Proprietary Limited.
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