Canadian diamond miner pauses discretionary spending amid challenging market conditions

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Canadian diamond miner Mountain Province has paused all discretionary spending to focus on cash generation and repaying debt, president and CEO Mark Wall said on Friday. In its third-quarter results announcement, he said diamond markets faced “very challenging” conditions, adding that the company withheld some of the sales during the third quarter to defend its prices in the rough market.

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Nederland Laatste Nieuws, Nederland Headlines