DIAMOND DECOMMISSIONING
De Beers Canada can flood the tunnels of its underground Snap Lake diamond mine, in the Northwest Territories, under a revised suspension plan approved by the region's land and water board.
The company is weighing whether to sell, close, reopen, or continue suspension at the money-losing Arctic mine, which was shuttered last December due to poor market conditions. Waning Chinese demand and an industry credit crunch have been hurting the sector.
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