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Litigation, Workers Default and 13 Million in Bank Debt: Another Spanish Mine Collapses in Guadalajara
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Mining in Spain is still involved in financial problems. Caobar, another mining company in Spain located in the town of Taracena (Guadalajara) is in competition with creditors and carries millions of debts with its staff, Spanish banking, suppliers, and the Ministry of Economic Affairs itself. The company, in the hands of Valencian owners, has been extracting kaolin for over 60 years, a white ore nicknamed the "Chinese clay" for its abundance in…
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