SANTIAGO, Chile, Nov. 26 (UPI) -- The Chilean mine where 33 men were trapped underground for more than two months will be sold to avoid bankruptcy, officials said.
The San Esteban Mining Co. has remained closed since the miners were rescued six weeks ago and creditors have given the company 15 months to repay its debts, the BBC reported.
Part of the money from the sale will be used as severance pay for more than 300 miners and employees who lost their jobs after the accident, and the Chilean government is trying to recover some of the money it spent on the rescue.
After the miners were saved, Chilean President Sebastian Pinera said the mine would never reopen.
