Tag Archives: Diavik Diamond Mine

A meeting of the mines: What the sale of Ekati and Diavik could mean for Canada

August 1, 2012

Diamonds may be forever, but BHP Billiton’s and Rio Tinto’s place in the industry may not be. In what seemed like a one-two punch, both mining companies announced recently they were looking to offload their diamond businesses, which include Canada’s Ekati and Diavik mines, respectively.

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Second quarter production results up for Diavik

August 15, 2011

Higher ore processed at the Diavik Mine yielded 1.79 million carats in the second quarter of 2011.

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Harry Winston buys back Diavik stake

September 20, 2010

Harry Winston Diamond Corp., has closed the $220-million US deal that will see it buy back its interest in the Diavik diamond mine from gold miner Kinross Gold.

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Kinross Gold sells Harry Winston shares

August 3, 2010

Gold miner Kinross Gold says it has agreed in principle to sell its 19.9 per cent stake in Harry Winston to a group of financial institutions for $220 million in cash, shares, and debt.

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Diavik mine transitions below ground

April 5, 2010

Work at Diavik is heading underground, extending the life of the open-pit diamond mine beyond 2020.

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Diavik Mine schedules temporary shutdowns

April 20, 2009

Production at the Diavik Mine in the Northwest Territories will be shutdown for two six-week periods, says Rio Tinto, the mine’s owner.

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Gold company buys stake in Harry Winston andÂ DiavikÂ mine

April 6, 2009

Toronto-based Kinross Gold is purchasing an indirect interest in the Diavik diamond mine, along with 19.9 per cent of Harry Winston, one of the mine’s owners.

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BHP Billiton takeover of Rio Tinto hits a snag

July 21, 2008

Mining giant BHP Billiton will have to wait until November to see if it can move ahead with its plans for a hostile takeover of rival Rio Tinto.

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Underground mining key to Rio Tinto operations

June 16, 2008

Rio Tinto is going down under. Amid strong demand for diamonds in the U.S. and growing markets in China, India, and the Middle East, the mining giant says transitioning to underground mining operations at the Argyle and Diavik mines is key to its long-term plans.

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