Diavik Diamond Mines Inc. · Yellowknife, NT Canada
Company Description
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This link will open in a new window If you need to cut some glass or your girl needs a new best friend, you should look up Diavik Diamond Mines Inc. (DDMI). The company has a majority stake (60%) in the Diavik Diamond Mine north of Great Slave lake in the Northwest Territories of Canada; partner Harry Winston Diamond (formerly called Aber Diamond) owns the remaining portion. Production began at the mine in 2003. With an estimated life cycle of 15-20 years, the Diavik mine will peak at a production rate of about 10 million carats annually. The two companies share in the diamonds the mine produces in equal ratio to their ownership stakes. DDMI is a subsidiary of Rio Tinto . To read the full description, subscribe now.
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Key Diavik Diamond Mines Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $52.7 |
| Employees | 694 |
Diavik Diamond Mines Inc. Executives
2 executives listed for Diavik Diamond Mines Inc.'s Yellowknife, NT location.
| Title | Name & Bio | Contact |
| President | Kim Truter | Network |
| Manager External and Internal Affairs | Tom Hoefer | Network |
Competition
Competitive Landscape for Diavik Diamond Mines Inc.
Demand is driven by construction spending and agricultural spending on fertilizers. Large companies have some economies of scale in purchasing and administrative systems, and have the production volume to supply large construction projects, such as new highways. Small companies typically own just one mine and compete in a local market based on superior customer service. Annual revenue per employee averages about $150,000. To read the full description, subscribe now.Top Diavik Diamond Mines Inc. Competitors
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