Chilean Mine Company Goes Belly-Up
The company that owns the now-infamous mine where 33 Chileans were rescued after two months underground has agreed to liquidate its assets, avoiding bankruptcy. Much of the money will go to pay miners idled by the disaster and to compensate the government for rescue efforts.
The company that owns the now-infamous mine where 33 Chileans were rescued after two months underground has agreed to liquidate its assets, avoiding bankruptcy. Much of the money will go to pay miners idled by the disaster and to compensate the government for rescue efforts. –JCL
Your support is crucial…The BBC:
Creditors gave the San Esteban Mining Company 15 months to repay its debts.
Six weeks on from the dramatic rescue of the Chilean miners, the San Jose mine has remained shut.
Some of the money from the sale will be used as severance pay for the more than 300 miners and plant workers who lost their jobs after the collapse.
With an uncertain future and a new administration casting doubt on press freedoms, the danger is clear: The truth is at risk.
Now is the time to give. Your tax-deductible support allows us to dig deeper, delivering fearless investigative reporting and analysis that exposes what’s really happening — without compromise.
During this holiday season, stand with our courageous journalists. Donate today to protect a free press, uphold democracy and ensure the stories that matter are told.
Editorial Cartoons
Editorial Cartoons
Its 30 newsrooms will continue to operate as it reorganizes in a tumultuous industry; the publicly traded company is expected to go private.
Gov. J.B. Pritzker's newly signed legislation seeks to break the link between income level and access to mobility and valid identification.
New research lays the blame squarely on the ongoing destruction of the country's social safety net.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.