Dominion Diamond reaches deal to sell Ekati mine in Canada
Mining News Pro - Dominion Diamond Mines said on Monday it reached a deal to sell its Ekati mine in Canada`s Northwest Territories to holders of its second lien notes, eight months after seeking bankruptcy protection amid a worldwide upheaval in the diamond industry.
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Dominion Diamond Mines to restart Ekati in December
Mining News Pro - Dominion Diamond Mines, the company that owns a controlling interest in the Ekati mine in Canada’s Northwest Territories, announced that some 60 employees will be called back to the operation for an anticipated restart.
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Dominion Diamond unveils plan to avoid bankruptcy
Mining News Pro - Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually restart its idled Ekati mine in Canada’s Northwest Territories.
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CEO joins executive exodus at Dominion Diamond
Mining News Pro - Dominion Diamond CEO Patrick Evans has left the company, marking at least the third high-profile departure in less than a year at the Canadian miner, which is owned by billionaire Dennis Washington.
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