A preliminary economic assessment (PEA) of the Ekati mine in Canada's Northwest Territories has the iconic diamond operation staying open seven more years.
Dominion Diamond Corporation Mining News
Here are the top 10 diamond mines in terms of output in carats and value.
This was supposed to be a key year for Dominion, especially with the commencement of mining at the company’s rich Misery Main pipe at its Ekati mine.
But some believe main challenge will be falling prices and wholesalers difficult access to credit to purchase rough diamonds.
The Canadian company is trying to grow its share of the North West Territories diamonds pie.
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.