North West Territories Mining News

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 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.

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.

Exhibition of Diavik-mined giant, uncut Foxfire diamond extended

The 187.6-carat rare stone will remain on display until April at the Smithsonian’s National Museum of Natural History in Washington D.C..

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."

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.

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.

Dominion Diamond to go ahead with Ekati mine expansion

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

Key expansions at iconic Canadian diamond mines hit by setbacks

While Dominion Diamond has pushed construction of Ekati’s new Jay pipe to 2018, Rio has said that a denial of a request to change its water licence could have an adverse impact on Diavik.

Dominion Diamond secures environmental approval for Ekati mine expansion

Project could help keep Ekati producing diamonds until 2033, or 13 years later than the expected end of its mine life.

Dominion Diamond swings to loss, names new chairman

The miner lost $11.6 million in the fiscal 2016, compared to a profit of $170.3 million in 2015.

Nunavut board allowed mining exploration on Bathurst caribou calving grounds

This is the second company allowed to proceed on breeding grounds against the advice of N.W.T. government.

Dominion Diamond upbeat on 'positive' pre-feasibility study for new Sable mine

The Sable kimberlite pipe, for which permitting is already in place, could see mining beginning in 2019.

Dominion Diamond can go ahead with Ekati mine expansion — watchdog

The board's recommendation still needs to be approved by Canada’s Northwest Territories authorities.

Dominion Diamond chairman steps down, replaced by De Beers veteran

Robert Gannicott's replacement as chairman will be Jim Gowans, a former DeBeers Canada CEO and most recently the co-president of Barrick Gold,.

Dominion Diamond shareholders revolt, call for changes

Investors have publicly called on the company’s independent directors to deal with the “misguided policies and missed opportunities” that have hurt their investment.

Warm weather threatens vital ice road for Canada’s remote diamond mines

Unseasonably warm weather has set back ice formation on one of Canada's most unique ice road.

Crucial week for Dominion Diamond’s Ekati mine

The company hopes to begin mining from the Jay pit before Ekati's existing reserves run out in 2020, and so avoid laying off workers.

Rio Tinto sets $350m aside to expand Canada’s Diavik diamond mine

The investment will allow for a fourth pipe to be developed at the site, with production expected to start by 2018.