Burgundy Diamond Mines has decided to temporarily suspend open pit mining at its Point Lake operation, one of two active sites at its Ekati diamond mine in the Northwest Territories of Canada. The miner said the operation had become “sub-economic” due to a weak diamond market. The decision has led to the layoffs of hundreds of employees and contractors, as…
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Access to Arctic mines disrupted by mild winter
An unusually warm Canadian winter delayed the opening of a 400-kilometer ice road that is reconstructed every year to access several diamond mines in the remote Arctic region, reported Reuters. The news agency said the Winter Road opened with a two-week delay in February, the longest delay in recent years, disrupting movement of goods. While diamond production remains unaffected, the…
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