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<p>Even with COVID-19 lock-downs affecting output in the mining sector, mining companies in South Africa saw incredible gains in their profits.</p>


How SA mining companies remained resilient in the face of COVID-19

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<p>Last week the South African Minister of Mineral Resources and Energy Gwede Mantashe announced that mining companies may start re-opening at limited capacities during the extend national lock-down. The mining sector being shut down during the lock-down was of particular concern as our resource based economy will be severely hurt by supply chain disruptions. Joining CNBC Africa for more is Executive Chairman and CEO of Sekoko Resources, Timothy Tebeila.</p>


Sekoko Resources CEO on COVID-19-lock-down & its impact on the coal industry

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Tanzania is set to review the contentious arbitration law. The draft Bill comes on the back of new arbitration announcements filed in January by several multinational mining companies over cancelled retention licenses. Madeline Kimei, Founder &#038; Principal at iResolve joins CNBC Africa for more.</p>


Tanzania set to review law on mediation for investors


<p>JOHANNESBURG (Reuters) &#8211; A Johannesburg High Court on Friday approved a 5 billion rand ($353 million) class action settlement between gold mining companies and law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis.</p>



<p>The settlement follows a long legal battle by miners to win compensation for illnesses they say they contracted over decades because of negligence in health and safety.</p>



<p>“All the parties made an effort to ensure that the settlement agreement is reasonable, adequate and fair,” the High Court said in its judgement.</p>



<p>The gold producers agreed in May last year to the settlement but it needed to be approved by the Johannesburg High Court before being implemented.</p>



<p>The class action suit was launched in 2012 on behalf of miners suffering from silicosis, an incurable disease caused by inhaling silica dust from gold-bearing rocks.</p>



<p>It causes shortness of breath, a persistent cough and chest pains, and also makes people highly susceptible to tuberculosis.</p>



<p>The companies involved are Harmony Gold, Gold Fields, African Rainbow Minerals ARIJ.J, Sibanye-Stillwater SGLJ.J, AngloGold Ashanti and Anglo American South Africa. The latter no longer has gold assets but historically was a bullion producer.</p>



<p>($1 = 14.1591 rand)</p>



<p>Reporting by Tanisha Heiberg. Editing by Jane Merriman</p>


mining companies

How SA mining companies remained resilient in the face of COVID-19

Sekoko Resources CEO on COVID-19-lock-down & its impact on the coal industry

Tanzania set to review law on mediation for investors

What you need to know about the $353 million silicosis settlement between gold mining companies and law firms representing thousands of miners

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mining companies

How SA mining companies remained resilient in the face of COVID-19

Sekoko Resources CEO on COVID-19-lock-down & its impact on the coal industry

Tanzania set to review law on mediation for investors

What you need to know about the $353 million silicosis settlement between gold mining companies and law firms representing thousands of miners

News Tips

Advertise With Us

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