EKATI Mining News

Washington buys Dominion Diamond for $1.2bn as investors ok sale

Transaction gives the US-based buyer full ownership of Canada’s Ekati diamond mine and a 40% stake in Diavik, which is operated by Rio Tinto.

PEA extends Ekati minelife by 7 years to 2042

A preliminary economic assessment (PEA) of the Ekati mine in Canada's Northwest Territories has the iconic diamond operation staying open seven more years.

Washington Companies buys Dominion Diamond for $1.2 billion

The US company plans to operate Dominion as a standalone business, appointing a new chief executive based in Canada.

Dominion Diamond to seek permits for underground project at Ekati in Q3

The project, called Misery Deep, will require an investment of $6 million in 2018, $69 million in 2019 and $19 million in 2020.

Dominion Diamond provides exploration update and announces maiden resource at Leslie Pipe at Ekati

Dominion Diamond Corporation today provided an update on its renewed strategic focus on greenfield exploration activities at the Ekati Diamond Mine, Diavik Diamond Mine and other properties in the Lac de Gras region in the Northwest Territories in Canada.

Dominion says no contact with Washington Corp after $1.1bn takeover bid

The company has repeatedly offered to engage with Washington Corp on "customary terms," according to Chairman Jim Gowans, but that has not happened.

Dominion Diamond looks for potential buyers in own backyard — source

Strategy is part of Dominion's goal of securing the best deal possible for all its shareholders.

De Beers becomes sole owner of jewellery brand, buys out retail partner LVMH

It has acquired the 50% interest French luxury goods group LVMH had in De Beers Diamond Jewellers for an undisclosed amount.

Dominion Diamond stock goes gangbuster on $1.1bn takeover bid

Montana-based Washington Co is offering 36% above the closing price of the Canadian miner’s shares on Friday.

World’s largest new diamond mine begins commercial production

Gahcho Kué, owned by De Beers Canada and Mountain Province Diamonds, is expected to produce around 54 million carats of rough gems over its 12-year lifetime.

Mountain Province just found this massive diamond at Gahcho Kué

The 67.87-carat gem quality octahedron diamond, unearthed during production ramp-up, is the largest of its kind recovered to date at the remote mine.

Dominion Diamond, Ekati miners reach provisional four-year deal

More than 500 unionized workers are expected to ratify the agreement in an upcoming vote scheduled for March.

Dominion Diamond CEO to step down due to family reasons

Brendan Bell, who has also resigned to Dominion's board, has agreed to stay on as CEO until June 30 to ensure a smooth transition.

Global rough diamond production about to reach its peak

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.

De Beers facing legal action over mercury monitoring at Victor mine

Suit claims company failed to report mercury levels at five of nine water monitoring stations near Victor mine.

Canada's Diavik mine axes 51 jobs

Company says it was forced to lay off employees from across the business given "current market conditions."

Less than shiny: De Beers recent sale the lowest this year

The world’s top diamond producer by value said results were in line with expected seasonal demand patterns.

Dominion moves headquarters to Calgary in cost-cutting effort

The move comes on the heels of a similar decision by De Beers Canada, which moved its headquarters from Toronto to Calgary in July.

De Beers latest diamonds sale the lowest this year

Still, the world’s biggest diamond producer by value said the auction was better than it had expected.

One of world’s largest, newest diamond mines is now open

Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.

Millennials gave a $25 billion shot in the arm to the diamond industry last year

De Beers, the world's biggest diamond producer, warns that many of the challenges affecting the industry last year are likely to continue over the next decade.

World’s largest, newest diamond mine to inject $5.2bn into Canada’s economy

Gahcho Kué, co-owned by De Beers Canada and Mountain Province Diamonds, is also expected to provide 1,200 new jobs.

Peregrine Diamonds to focus on $95 million all-weather road before moving ahead with Nunavut mine

The Chidliak mine, in Canada’s Nunavut, is expected to produce around 12 million carats during its 10-year lifespan.

De Beers Canada moves from Toronto to Calgary

The move comes as the company readies to open what it calls the world’s biggest diamond mine currently under construction.

Dominion Diamond to go ahead with Ekati mine expansion

Developing the Jay pipe will help keeping the mine in production until 2033.