It provides a timeline for the implementation of new restrictions, but no details.
The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.
The company is pulling back on sales amid oversupply in the midstream and slumping diamond jewelry demand.
Lower quality and quantity drove the decision to withdraw the sale.
The two have signed “heads of terms” for the tentative 10-year sales agreement they reached in June.
The plea comes against a backdrop of declining demand and falling prices.
Economic slowdowns, geopolitical tensions, and the rising popularity of lab-grown diamonds are clouding the outlook for mined diamonds.
The company anticipates resuming exploration and mining operations and rehiring staff in 2025.
The retail offering, said to be the first of its kind, allows customers to follow a single rough diamond through the cutting process.
The funds will go toward direct assistance, providing essentials like food and fuel to those impacted.
Rio Tinto, De Beers and Burgundy all have mines in the Northwest Territories, where wildfires have forced mass evacuations.
The facility will have bi-facial panels, which generate energy from direct sunlight as well as the reflection from the snow.
The $2.2 billion expansion at the South African mine is expected to extend its life until at least 2046.