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Copper on the back foot as growth concerns re-emerge

November 2, 2020by Nicholas Kabaso0

Anglo American CEO Mark Cutifani on Friday denied allegations that the firm was responsible for lead poisoning at Kabwe mine, which it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner. The class action is seeking compensa-tion for girls and women with lead poisoning who have or may have become pregnant as well as clean-up and remediation of the area and al-leges Anglo American South Africa (AASA) is liable for the emissions. Cutifani was quoted as saying, “we intend to defend our position as we don’t believe Anglo American is responsible for the current situation”. Note, last year, Human Rights Watch released a report on Kabwe and found that more than a third of people lived in  lead-contaminated townships due to the mine’s activities. The class action was filed by a South African law firm and Leigh day on behalf of what they say is estimated to be more than 100k individuals over allegations of negligence. 

https://mcusercontent.com/3919415b81160f01116adb5ce/files/22806a2e-378b-4139-bc7a-318f7fb36754/Zambia_Market_Watch_2__November_2020.01.pdf 

Nicholas Kabaso

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