MINING NEWS: Volatile markets bedevil diamond mines
De Beers writes down value of Northwest Territories’ Snap Lake, while Tahera struggles to keep troubled Jericho in Nunavut afloat
By Rose Ragsdale
De Beers has written down the value of its Snap Lake diamond mine in the Northwest Territories by US$965 million in what management called a “prudent” move given the increased value of the Canadian dollar and higher costs and construction challenges at Canada’s newest diamond mine.
The South Afr....
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More time for Jericho
Diavik, Ekati update
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