Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Anglo American to oppose any Kabwe claim appeal

Mon, 22nd Apr 2024 08:29

(Sharecast News) - Anglo American said in an update on Monday that it would oppose any appeal related to the Kabwe claim, which it considers "misconceived".

The FTSE 100 mining giant's update followed the recent decision by the High Court of South Africa to grant claimants the right to appeal a prior judgement that dismissed the application for certification of a class action brought against Anglo American South Africa (AASA).

That application was filed by law firms Leigh Day and Mbuyisa Moleele on behalf of certain Zambian claimants regarding the effects of lead pollution in Kabwe, Zambia.

The company said the High Court's decision to dismiss the certification application in December, after almost a year of deliberation, emphasised the claim's legal and factual flaws, deeming it not in the interest of justice for the class action to proceed.

Anglo American said it viewed the grant of the right to appeal as acknowledging that an appeal to another court was a viable legal option for the claimants within the South African legal process.

However, it said that did not undermine the High Court's decision to dismiss the application in December.

"Anglo American will oppose any appeal that may follow," the board said in its statement.

"As Anglo American has stated throughout, it has every sympathy for the situation in Kabwe, but is not responsible for it.

"Anglo American has stated from the outset that this claim is entirely misconceived."

At 0815 BST, shares in Anglo American were up 0.62% at 2,165.5p.

Reporting by Josh White for Sharecast.com.

Related Shares

More News
3 May 2024 17:53

UK's FTSE 100 hits record high as favourable data boosts sentiment

Anglo American jumps after report of Glencore interest *

3 May 2024 16:52

London close: Stocks rise as US payrolls come in weaker

(Sharecast News) - London markets closed positively on Friday, as investors digested slower-than-expected payrolls growth in the US, while Anglo Ameri...

3 May 2024 14:09

Anglo CEO meets S.Africa mines minister after BHP's takeover proposal

JOHANNESBURG, May 3 (Reuters) - Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first tim...

3 May 2024 12:19

LONDON MARKET MIDDAY: Stocks up as market readies for US jobs report

(Alliance News) - Stock prices in London were in the green at midday on Friday, as investors remained optimistic ahead of an incoming US jobs report, ...

3 May 2024 09:23

PRESS: Glencore mulls rival bid for Anglo American - Reuters

(Alliance News) - Shares in Anglo American PLC rose on Friday after Reuters reported Glencore PLC could launch a rival bid for the mining company.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.