Rio Tinto now the sole owner of the Diavik diamond mine
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is now the sole owner of the iconic Diavik diamond mine in Canada’s Northwest Territories after buying the 40% share held by Dominion Diamond…
Dominion Diamond Mines
Rough diamond pricing: Learn the lessons of history or history will repeat itself
Suddenly, diamonds are looking interesting again. The cutbacks in diamond production last year, allied to the substantial fall in manufacturing capacity in India (the major diamond cutting centre) as a…
Sale of Dominion’s Ekati mine hits ‘impasse’
The future of the Ekati diamond mine in Canada’s Northwest Territories remains uncertain after Dominion Diamond Mines announced that a deal to sell it to a subsidiary owned by its…
Dominion Diamond sues partner in Diavik mine
Dominion Diamond Mines is suing DDMI, its associate in the iconic Diavik mine and a subsidiary of Rio Tinto (NYSE: RIO; LSE: RIO), for alleged breach of contract and acting…
Dominion Diamond unveils plan to avoid bankruptcy
Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually…