By Shane Lasley
Mining News
Rio Tinto now sole owner of Diavik Mine
Acquires Dominion's interest in iconic NWT diamond operation North of 60 Mining News – November 19, 2021
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Last updated 12/2/2021 at 2:10pm
Rio Tinto
Rio Tinto's Diavik diamond mine in Northwest Territories.
In a deal that bolsters certainty for the future of the Diavik Mine and Northwest Territories' economy, Rio Tinto has acquired full ownership of this iconic diamond operation in Canada's Arctic.
Rio Tinto's 40% partner in Diavik, Dominion Diamond Mines, filed for insolvency protection under the Canadian Companies' Creditors Arrangement Act at the height of the COVID pandemic in 2020.
"The CCAA...
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