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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Environmentmining

Dam collapse at massive abandoned mine in South Africa leads to flash flood that sweeps away 9 houses, kills at least 3

By
Felix Njini
Felix Njini
and
Bloomberg
Bloomberg
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By
Felix Njini
Felix Njini
and
Bloomberg
Bloomberg
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September 11, 2022, 2:50 PM ET
Jagersfontein
Jagersfontein.Getty Images
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A dam at South Africa’s abandoned Jagersfontein diamond mine collapsed early Sunday, triggering heavy flooding that damaged property and killed at least three people. 

About nine houses were swept away and more than 20 damaged by flood waters after the dam wall of the historic mine collapsed, Nathi Shabangu, a spokesman the Department of Mineral Resources and Energy said via SMS. 

The mine in South Africa’s Free State province, formerly owned by De Beers Plc, was shut in the 1970s. 

The dam collapse also resulted in the loss of power in the small town of Jagersfontein, about 100 kilometers (62 miles) from Bloemfontein, the regional capital, and other nearby townships. Floodwaters and mud cut off Eskom Holdings SOC Ltd’s access to a key electrical substation. The utility is working to restore supplies, it said in a statement.

The mine’s dumps and slime still “belong” to De Beers and the government’s access has been restricted by a court order, Shabangu said. “We also have reports that the mine has been sold to other parties, without the involvement of the DMRE as per the court order,” he said.

Minerals Council South Africa, a mining industry lobbying group, said the cause of the dam collapse was unknown. 

The Jagersfontein assets are not currently owned by any of its members, and it has no information about the ownership structure or the standard of management of the dumps, the group said in a statement.

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