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

 

Last updated 12/2/2021 at 2:10pm

Rio Tinto diamonds Diavik Mine Canada Northwest Territories acquisition Dominion

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...



For access to this article please sign in or subscribe.

 

Reader Comments(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021

Rendered 12/08/2021 08:27