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After South African dam collapse, mine waste to be pumped into historical pit

After South African dam collapse, mine waste to be pumped into historical pit

NELSON BANYA and HELEN REID A South African company is dumping the sludgy byproduct of mining into a historical diamond pit after the tailings dam that had stored the waste partially collapsed, killing one and leaving scores injured. The government agency overseeing cultural preservation said on Thursday it approved plans to fill the historic Jagersfontein diamond mining pit with waste from a second compartment of the tailings dam in order to prevent a secondary breach after one compartment of the dam failed. Public documents show Jagersfontein Developments, the company reprocessing old tailings around the disused pit to recover diamonds, has…
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SA company charged for $30-million bitcoin fraud

SA company charged for $30-million bitcoin fraud

THE U.S. commodities regulator announced it had filed civil charges against a South African man and his company for operating a fraudulent commodity pool worth over $1.7 billion in bitcoin. The Commodity Futures Trading Commission (CFTC) said the fraud scheme, which saw the firm solicit bitcoin online from thousands of people to purportedly operate a commodity pool, was the largest it had ever pursued involving the cryptocurrency. The CFTC filed charges against Mirror Trading International Proprietary Limited and its CEO, Cornelius Johannes Steynberg. Steynberg had been a fugitive from South African law enforcement but was recently detained in Brazil on…
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