BHP extends Ekati review timeline to summer

Thursday, January 26, 2012 - 5:26 PM

Yellowknife, N.W.T. - BHP Billiton's review of Ekati Diamond Mine will take a little longer than expected.

The review on the future of the company's diamond holdings was scheduled to be out at the end of this month, but BHP Billiton has decided to push its decision back.

Ekati's superintendent of community and external relations, Deana Twissell, said the review could continue until the middle of this year.

"While we assess options we cannot comment in detail on the review process. It is now clear that it could continue through the first half of calendar year 2012."

The company has sold off its interests in the Chidliak Exploration Site on Baffin Island, but Twissell said that is a separate matter.

"The sale of Chidliak has no bearing on the process for Ekati and no final decision on the mine's future has been made."

Twissell said employees at the mine site are being kept up to date with the situation and their interests will be kept in mind if anything should happen in a potential sale.

CJCD Mix 100 News

More Local

• One arrested, one still loose following break and enter
• Extra Foods, Co-op discard potentially tainted meat
• Former DKFN chief suing for lost wages
• Franklin back to normal after water and sewer collapses
• DND to pay for repairs to power lines

• Hay River gets new cell phone towers
• Bisaro looking for answers to teachers housing question
• NACC receives boost in funding from Feds
• Accused in sexual assault case changes plea to guilty
• Foster home situation in Yellowknife in dire mode

Comments