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Dominion Seeks Rescue Deal to Avoid Liquidation
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Dominion Diamond Mines may have to enter liquidation if it fails to find a buyer or investor, chairman Brendan Bell warned in a court filing last week.The company has been seeking restructuring options after its planned sale of the...
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Mining
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Oct 28, 2020
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Rapaport News
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Dominion in Flux as CEO Resigns
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Patrick Merrin has stepped down as interim CEO of Dominion Diamond Mines, deeming it “appropriate” to focus on his position at the rough producer’s parent company.Merrin, who is chief operating officer at the Washington Companies, took on the lead...
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Mining
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Oct 20, 2020
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Leah Meirovich
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Two Parties Interested in Buying Dominion
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Two companies have expressed interest in acquiring Dominion Diamond Mines, according to an affidavit by its former CEO Brendan Bell.Those parties, who were not named in the June 12 legal filing, have signed non-disclosure agreements that...
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Mining
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Jul 07, 2020
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Rapaport News
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2017’s Diamond Merry-Go-Round
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The past year has seen a number of changes in management-levelemployees within the diamond industry. Here’s a breakdown of the new faces anddepartures for 2017: Alrosa CEO Andrey Zharkov stepped down to besucceeded by former Sberbank senior...
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Polished Markets
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Dec 26, 2017
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Rapaport News
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Patrick Evans to Be New Dominion Chief
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Dominion Diamond Corporation’s new owner has appointedPatrick Evans as CEO of the Canada-based miner.Evans (pictured) will take charge of Dominion once the WashingtonCompanies’ $1.2 billion acquisition of the rough producer closes later thisyear, the...
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Mining
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Aug 10, 2017
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Rapaport News
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Dominion Seals $1.2B Takeover by Washington
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The Washington Companies will acquire Dominion DiamondCorporation for $1.2 billion, the firms said in a joint statement Monday.Washington, a mining group founded by entrepreneur DennisWashington, has agreed to buy all shares in Dominion for $14.25 each...
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Mining
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Jul 17, 2017
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Rapaport News
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Dominion, Stornoway in Merger Talks: Report
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Dominion Diamond Corporation and Stornoway DiamondCorporation have held discussions over a merger, Reuters reported this week, asDominion continued to denigrate a separate takeover offer from the Washington Companies.The merger talks cover the possibility...
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Mining
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Mar 22, 2017
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Rapaport News
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Dominion Sales Fall After Ekati Fire
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Annual sales at Dominion Diamond Corporation slumped 21percent due to a fire at one of its mines and sluggish demand for smaller roughstones, the company said Wednesday.Revenue slid to $570.9 million in the fiscal year that endedJanuary...
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Mining
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Feb 23, 2017
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Rapaport News
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Dominion CEO Quits Before Move to Calgary
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Dominion Diamond Corporation’s chief executive officerBrendan Bell will stand down in the wake of the miner’s prospective move to Calgary.A process to find a new CEO is underway with Bell committing to the role until June 30 to facilitate...
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Mining
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Jan 30, 2017
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Rapaport News
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Fire Drags Dominion to Operating Loss
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Dominion Diamond Corporation reported somber thirdfiscal quarter results as a fire at its Ekati mine in Canada led to $22.4 million in fixed or standby costs of running the mine.Sales slumped 29 percent to $102.7 million in the threemonths that ended...
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Mining
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Dec 12, 2016
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Rapaport News
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Dominion Appoints Bell as CEO
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Dominion Diamond Corporation said Brendan Bell, who has been serving as acting CEO since November 2014, will officially assume the role, effective July 31, 2015. Robert Gannicott has returned from medical...
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Mining
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Jul 13, 2015
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Ronen Shnidman
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