Today's Labour News

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DRDGoldBusinessLive reports that DRDGold declined to be party to last week’s R5bn out-of-court settlement jointly with six other mining companies to compensate gold mineworkers affected by lung ailments.  This will open the smaller gold producer to a prolonged court battle alone.  

The six companies made history last week by settling SA’s largest and most complex class action case out of court.  Richard Spoor, a lawyer representing the litigants, noted that DRDGold and Randgold & Exploration had decided not to participate in the settlement agreement and would be subject to ongoing litigation.  DRDGold CEO Niel Pretorius declined to comment on the reasons for staying out of the settlement, saying there was likely to be a litigation process brought against the company and he could not make any remarks at this point.  DRDGold has not operated underground mines for years, preferring to extract gold from old dumps.  It is surmised that for a company like DRDGold, which had relatively small exposure to underground gold mining and is a small company compared with the six that have settled, the cost of participating in the out-of-court settlement would have been an expensive exercise compared to what the outcome could be from litigation.

  • Read this report by Allan Seccombe in full at BusinessLive

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