The mining newspaper for Alaska and Canada's North

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

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 fil...


Reader Comments(0)

Rendered 05/27/2024 03:03