Thirty three miners in Chile are clinging to hope as the company that owns the mine that they are stuck in is in preparations to file for bankruptcy. The San Esteban mining company has turned over the rescue plan to a state owned mining company as they no longer have the money to support the rescue, or even basic mining operations any longer.
With the mine closed and no money coming in, San Esteban is sitting on the precipice of bankruptcy. The real question comes as to why a mining company that is so far in debt with such little income has been able to maintain its operations for so long.
With such an accident happening in this mine, it begs to wonder what will happen to the other mines in Chile. The global spotlight is now focused on a troubled mine, buried miners, and the possible bankruptcy of the company. What will happen when this spotlight turns on the rest of the mines in Chile?
Everyone is hoping that the rescue goes well for the miners, even though the company is going to ground. With the state picking up the tab, the lawsuits against the mining company are in high gear.