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Another major company in South Africa heading for liquidation | SA News

Staff Writer
 ·27 Feb 2026

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The management of major diamond mining group, Ekapa Mining, has announced that the company has applied for liquidation.

The application follows tragedy at the mine, where a mud rush trapped five mineworkers approximately 890 metres underground a week ago.

The tragedy, coupled with a prolonged downturn in the global diamond market and a 55% decline in the price of rough diamonds since late 2025, had rendered the business no longer viable, it said.

The mine’s management…

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