Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Namibia’s ghost town of Kolmanskop, abandoned when diamond-mining operations ceased half a century ago, is slowly disappearing under mountains of sand that have failed to cover what some claim to be its main attraction: haunted spirits.
In the early 1900s, after the discovery of diamonds in the southern Namib desert, German miners flocked to the area, developing this unique town known as Kolmanskop.
Here you can see a few striking photos, which show just how dramatically the desert is moving into the town.
Hat Tip: Instagram Blog
[meteor_slideshow slideshow=”mining-ghost-town-of-kolmanskop” metadata=”timeout: 150000, speed: 150000 “]
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Images credits: Michiel Van Balen, via Flickr, Damien du Toit, via Flickr, coda, via Flickr, thefella, via Instagram, and saruzzza, via Instagram.
Comments
Mark
What a pity this happens in the world today. Such a shame.