Post #576

A South Africa-based diamond miner presumed five trapped workers dead, and ran straight to court for liquidation. 🌐 Since February 17, lots of people in South Africa have been worried about the fate of the five miners trapped at Ekapa mine, Kimberley, after a mudslide flooded the shaft they worked in. Yesterday, the mine owners reportedly announced that the workers are "now presumed deceased” and immediately filed for liquidation. 🔸Besides the fact that the move risks undermining any further rescue efforts, as well as leaving the relatives without proper recompense, this epitomizes everything that is wrong with diamonds in Africa. People are saying this liquidation puts 1,200 jobs at risk — but this is also true for the whole diamond industry, which is actually dying. ⏩Afterinvestors withdraw the last profit from diamonds and pack up, what will remain is layoffs, shrinking budgets, and the same potholes, schools still falling apart, and a bigger hole in the ground. ✈️ Stay informed - @devilsbelow