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Dominion Ekati ice road 150
Dominion Nears Deal to Restart Ekati
Dominion Diamond Mines plans to recall approximately 60 of its furloughed workers in December to prepare for a restart at its Ekati mine in Canada.Operations at the deposit, which has been shut since March due to Covid-19, will restart after...
Mining Nov 15, 2020 Rapaport News
Rough diamonds Dominion
Dominion Seeks Rescue Deal to Avoid Liquidation
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...
Mining Oct 28, 2020 Rapaport News
Ekati mine
Dominion’s Ekati Sale Falls Through
Dominion Diamond Mines’ sale of Ekati is off the table after the buyer failed to agree on an arrangement with insurers to cover future costs of the site.Affiliates of the Washington Companies, Dominion’s owner, were due to acquire the...
Mining Oct 11, 2020 Rapaport News
Dominion Ekati 150
Dominion to Sell Ekati Mine for $126M
Dominion Diamond Mines has sold its Ekati mine in Canada to affiliates of its owner, the Washington Companies, for $126 million amid struggles with mounting debt.The offer came from Canadian Diamond Holdings and...
Mining Sep 17, 2020 Rapaport News
Mining Ekati 150
Mining Sell-Off Highlights Sector’s Woes
Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut in the manufacturing sector, the coronavirus pandemic hit. Its rapid spread forced many miners to shut down...
Mining Aug 06, 2020 Leah Meirovich
Rough diamonds in a loupe.
Rio Tinto Not Interested in Buying Out Dominion
Rio Tinto has no plans to purchase Dominion Diamond Mines’ 40% share in the Diavik site, the Australian company said in a court filing.The miner, which already owns 60% of Diavik and manages the site through...
Mining Jun 16, 2020 Rapaport News
Dominion
Dominion Asks for More Time to Repay Debts
Dominion Diamond Mines has requested an extension to the insolvency protection it was awarded last week, stating that it needs more time to restructure its finances or find new investment.The miner asked the Alberta Court of the...
Mining Apr 28, 2020 Rapaport News
Dominion 552
Dominion Files for Insolvency Protection
Dominion Diamond Mines has filed for and received insolvency protection, a month after suspending operations at its Ekati deposit in Canada due to the coronavirus pandemic.The company was granted protection from its creditors under...
Mining Apr 23, 2020 Rapaport News
Miners
Heavy Debt Looms over Mining Shutdown
A number of diamond-mining companies that have halted production during the COVID-19 crisis will find it difficult to resume operations amid their struggles with debt, analysts have predicted.The warning comes after several miners announced...
Mining Apr 23, 2020 Leah Meirovich
Rio Tinto
Govt. Allows Mining at Argyle to Continue
Mining at Rio Tinto’s Argyle deposit in Australia is proceeding as usual, despite a lockdown amid the coronavirus pandemic.The company has received full approval from the Western Australian state government to continue its production operations prior...
Mining Apr 06, 2020 Leah Meirovich
Dominion
Dominion Suspends Ekati Mining Operations
Dominion Diamond Mines has put all operations at its Ekati mine in Canada on hold indefinitely in an effort to protect workers from the coronavirus pandemic.The miner has suspended operations at the Northwest Territories site because of the...
Mining Mar 22, 2020 Rapaport News
Miners coronavirus
Production Continues as Miners Fight Virus Impact
Alrosa, Petra Diamonds and Lucara Diamond Corp. are among the companies putting special procedures in place in preparation for a possible coronavirus outbreak, while still continuing operations at their mines.Alrosa, which has not had...
Mining Mar 19, 2020 Leah Meirovich
De Beers Dominion
De Beers, Dominion Seek Canada Expansion
De Beers and Dominion Diamond Mines have submitted paperwork indicating their desire to expand exploration at their current projects in Canada.In a December 31 permit request to Canada’s Mackenzie Valley Land and Water Board, De Beers noted interest...
Mining Jan 06, 2020 Rapaport News
FCRF
Pink Diamond Prices Firm in 1Q
Pink fancy-color diamonds outperformed other major colorcategories in price terms during the first quarter, the Fancy Color ResearchFoundation (FCRF) said. “At a time of diamond-market uncertainty, fueled by growingwhite-diamond inventory and the emergence of lab-grown...
Polished Markets May 05, 2019 Rapaport News
DEF
DEF Debuts Scholarships for Canadian Industry
The Diamond Empowerment Fund (DEF) has launched its firsteducational grants for young people in Canada’s Northwest Territories (NWT). “Creating education and employment opportunities for youthwho live in areas where natural diamonds are...
Mining Apr 14, 2019 Rapaport News
TCWR 150
Canada’s Ice Road Opens for Milestone Year
February is a crucial time for Canada’s diamond mines.Located in the most remote region of the country’s frozen Northwest Territories(NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month windowto connect their mining operations...
Mining Feb 07, 2019 Leah Meirovich
Fancy Color
Yellow Prices to Increase in 2019, Says FCRF
A reduced supply of vivid-yellow diamonds will drive a priceincrease this year, according to the Fancy Color Research Foundation (FCRF). “In the last three years we witnessed a substantial [quantity]of vivid yellows coming to market, mainly from...
Polished Markets Feb 05, 2019 Rapaport News
Argyle 150
Diamond Resources Might Not Be Forever
While it’s true that value comes from rarity, no naturalresource lasts forever, and the rare is becoming even rarer. Diamond productionis set to peak in 2019, after which it will begin a steady decline. De Beersestimates global...
Mining Aug 14, 2018 Leah Meirovich
Ekati 150
Dominion Agrees to Save 150 Ekati Jobs
Dominion Diamond Mines has reached a tentative agreementwith the Union of Northern Workers (UNW) that could potentially save 150 jobsat the Ekati deposit. Dominion had planned to replace that many employees withcontract workers...
Mining Jun 28, 2018 Rapaport News
Ekati Mine 200
Dominion May Cut 150 Mining Jobs
Dominion Diamond Mines plans to lay off 150 employees at itsEkati mine in Canada’s Northwest Territories, according to union officials. “The employer’s intent is to replace these positions withcontracted workers by October 1, 2018, as a cost-cutting mechanism to increaseprofitability for...
Mining May 17, 2018 Rapaport News
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