The investment will allow for a fourth pipe to be developed at the site, with production expected to start by 2018.
DIAVIK Mining News
The Canadian company is trying to grow its share of the North West Territories diamonds pie.
The virtual reality headset will debut at the JCK Luxury Show in Las Vegas.
Regulatory restrictions limited shipments to the site this winter, delaying construction.
The company has extended the productive life timeframe for both Canadian operations.
Diamond miner posts Q2 results showing net loss; says it will expand mine life.
Chantal Lavoie's previous experience includes managing positions at Barrick Gold Corporation's Goldstrike and De Beers' operations in Canada.
Dominion Diamond Corp, which already owns 40% of the mine, said it is interested, but the price has to be right.
The Swatch Group is paying $750 million plus the assumption of up to $250 million of pro forma net debt.
Production at the Diavik mine in Canada’s Northwest Territories was up 19% in the fourth quarter of 2012, compared to the same period in 2011.
Canadian Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) has confirmed it has received "various indications of interest" about the potential purchase of its luxury retail business.
Diavik Diamond Mines Inc., operator of the Diavik open pit mine in Canada's Northwest Territories, has been chosen as one of the country’s Top 100 employers for the second consecutive year.
Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) reduced Tuesday its 2012 production target for the Diavik mine to 7.4 million carats as the operation shifts its efforts to concentrate on processing higher-valued diamonds.
Sinking global commodity prices have negatively impacted Canada’s North near-future mining outlook, but longer-term prospects for the industry in the three territories remain strong.
Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to go and a current net value of $2.6 billion.
London-based diversified miner Rio Tinto (LON:RIO) is taking a page out of BHP Billiton's playbook and is looking at selling some or all of its diamond mines.
Harry Winston Diamond Corp. says a new operating plan for the Diavik diamond mine in Canada's Far North would see a winter shutdown cancelled and 2010 delivery ramped up to 7.5 million carats of diamonds or more.