COPIAPO, Chile — While 33 men trapped in a mine cling to hope that they'll get out alive, the company that put them there says it can't afford to pay their salaries and may go bankrupt.
The San Esteban mining company is in such bad shape that it has neither the equipment nor the money to rescue the men; Chile's state-owned mining company is digging the escape tunnel, which will cost about $1.7 million.
In the days after the Aug. 5 tunnel collapse at the San Jose gold and copper mine, company leaders defended their safety measures, but have since gone mum and attempts to reach anyone at San Esteban were not successful.
Earlier this week, lawyers for the small mining company said that with the mine shut down, and no income coming in, the company was at a high risk for bankruptcy
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