Seriti warned to expect class action after acquiring coal company | IOL News

  • 📰 IOL
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Seriti warned to expect class action after acquiring coal company

Seriti Resources, the mining group on the verge of becoming Eskom’s biggest coal supplier, has been warned that it could soon find itself in a class action lawsuit storm. Lawyer Richard Spoor has revealed that South African Energy Coal , which Seriti was about to acquire, is one of four coal mining companies against which a class litigation is in the process.

Thousands of gold sector workers who developed silicosis or pulmonary tuberculosis during or after their employment from 1965 stand to be paid between R70000 and R500000. SAEC’s mines are in eMalahleni and Middelburg, Mpumalanga. It supplies 14% of Eskom’s coal through these mines. “We definitely don’t want them to come and argue later that ‘we didn’t know, we weren’t aware and that it’s not our problem’,” Spoor said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mango, SA Express and debt-ridden SAA merger on the cards | IOL NewsA merger of SAA with Mango and SA Express is still on the cards, with Minister in the Presidency Jackson Mthembu saying the cabinet was discussing it.
Source: IOL - 🏆 46. / 51 Read more »