(MENAFN) Rio Tinto Group, a British-Australian mining giant, announced that it has approved a USD350 million project to expand a diamond mine in northwestern Canada, Xinhua reported.
Multinational Rio Tinto formally approved the development of a fourth pipe, known as A21, at the remote sub-arctic Diavik mine site, the company said in a press release.
The Diavik joint venture comprised of Rio Tinto, which holds a 60 percent stake in the company, and Dominion Diamond Corporation, which holds the other 40 percent, has given the go-ahead to begin construction next year.
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