MINING NEWS: Rescuing the diamond cutters in NW TerritorriesTwo of four firms placed in interim receivership; territorial government offers cash backing to one of companies Gary Park Mining News Calgary Correspondent
Canada’s diamond industry has had its wings clipped, just as it was taking flight.
The Yellowknife operations of Sirius Diamonds and Arslanian Cutting Works NWT, holding a combined C$17.2 million in government loan guarantees, were forced into interim receivership in mid-June, triggering an emergenc....
[additional news subjects in this story]
Government says firms in financial trouble Governments have subsidized industry
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Mining News North of 60 for as low as $89 per year
|
Mining News North - Phone: 1-907 522-9469 - Fax: 1-907 522-9583
[email protected] --- https://www.miningnewsnorth.com ---
S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (North of 60 Mining News)(Petroleum News Bakken)(Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.
| 
