Dominion Ekati Sale to Arctic Canadian Diamond C° Finalized

Mining and Exploration
10/02/2021 09:31

In conclusion of a months-long saga, Dominion Diamonds Mines has finalized the sale of the Ekati Diamond mine and associated assets to Arctic Canadian Diamond Company LTD, a new company formed and owned by DDJ Capital Management, Brigade Capital Management, LP and Western Asset Management Company, LLC, CBC Canada reports.  Operations were fully resumed in January, after a restart in November last year, and all workers are expected to return to work later this month. Dominion's 40% stake of Diavik is not part of the sale.