Johannesburg - A full bench of the Johannesburg High Court approved a historic R5 billion settlement agreement to compensate thousands of sickly gold mineworkers in their landmark silicosis and tuberculosis class action lawsuit.
Delivering her judgment on Friday morning Judge Leoni Windell said: "All the parties made an effort to ensure the settlement agreement is reasonable, adequate and fair. The terms of the settlement agreement demonstrate that they succeeded in their efforts."
The negotiations, Windell said, yielded the "best possible settlement terms that the parties and stakeholders could find in the circumstances".
The six mining firms who have funded the settlement form the Occupational Lung Disease Working Group (OLD), which consists of African Rainbow Minerals‚ Anglo American SA‚ AngloGold Ashanti‚ Gold Fields‚ Harmony and Sibanye Stillwater.
Richard Spoor Inc, Abrahams Kietwitz Inc and the Legal Resources Centre represented thousands of mineworkers and their dependents.