InvestingCongress
  • Investing
  • Business
  • Stock
  • Politics
Investing

Rio Tinto’s Diavik Diamond Mine Back Online After Temporary Suspension

by July 29, 2024
July 29, 2024

Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) has resumed operations at its Diavik diamond mine in Canada’s Northwest Territories after temporarily suspending work earlier this month due to unstable ground.

According to Rapaport, which heard from a company spokesperson, Rio Tinto halted activities at the site on July 4, when subsidence was detected on an access road leading to the property’s A154 pit.

The company’s decision to temporarily suspend operations was taken as a precautionary measure to ensure the safety of employees. Subsidence, which involves the gradual sinking of land, can be dangerous.

“All employees are safe, but as a precautionary measure, operations underground have been temporarily suspended in the A154 pit until we have a better understanding of the cause of this event,” the Rio Tinto spokesperson said.

The company said in a July 25 interview with local media that it had collaborated closely with the Workers’ Safety and Compensation Commission, and received approval to resume work on July 24.

It has implemented multiple safety controls and continues to conduct monitoring activities.

The Diavik mine, located approximately 300 kilometers northeast of Yellowknife, is Rio Tinto’s sole diamond asset and is scheduled for closure in 2026. In Q1, the mine experienced a 22 percent year-on-year drop in output following a brief halt in production after a plane crash claimed six lives, including four Diavik employees.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
previous post
Congress names members of task force on Trump rally shooting
next post
Vance tells donors Harris change was a ‘sucker punch,’ at odds with campaign

You may also like

NorthStar Gaming Announces Grant of Equity Incentive Awards...

July 12, 2025

Top 5 Canadian Mining Stocks This Week: Avanti...

July 12, 2025

JZR Gold Inc. Announces Private Placement Offering of...

July 12, 2025

DoD Invests US$400 Million in Rare Earth Firm...

July 11, 2025

Crypto Market Recap: Bitcoin Hits All-Time High as...

July 11, 2025

Blue Lagoon Resources Officially Opens Dome Mountain Gold...

July 11, 2025

FPX Nickel Announces Share-Based Compensation Grant

July 11, 2025

Cygnus Metals Limited: Issue of Performance Rights

July 11, 2025

EVs Now Emit 73 percent Less Than Gasoline...

July 10, 2025

Trump Tariffs to Raise US Medical Device Costs,...

July 10, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • NorthStar Gaming Announces Grant of Equity Incentive Awards to Non-Executive Directors in Lieu of Cash Compensation

      July 12, 2025
    • Here’s What’s Fueling the Moves in Bitcoin, Gaming, and Metals

      July 12, 2025
    • Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

      July 12, 2025
    • JZR Gold Inc. Announces Private Placement Offering of Units to Raise Up To $1,500,000

      July 12, 2025
    • 3 Stocks Seasoned Investors Should Watch

      July 12, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investingcongress.com | All Rights Reserved

    InvestingCongress
    • Investing
    • Business
    • Stock
    • Politics