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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
Dominion
Dominion Appoints Interim CEO
Dominion Diamond Mines has named Patrick Merrin as its interim CEO, replacing Shane Durgin, who has left to pursue other opportunities. Merrin, who assumes the role with immediate effect, joined parent group...
Mining Feb 11, 2020 Rapaport News
Dominion Patrick Evans
Dominion CEO Patrick Evans Resigns
Dominion Diamond Mines CEO Patrick Evans has stepped down withimmediate effect after a year at the company, the miner confirmed to RapaportNews Sunday. Evans joined the Canada-based producer in November 2017 afterits $1.2 billion...
Mining Dec 10, 2018 Leah Meirovich
Ekati Jay
Dominion Holds Off on Ekati Expansion
Dominion Diamond Mines has delayed a key extension to itsEkati mine for a second time as it assesses the project’s profitability, according to reports. The miner originally postponed the Jay expansion in June2016 because it determined that the...
Mining May 10, 2018 Rapaport News
Ekati mine
Dominion Goes Private as Takeover Deal Closes
The Washington Companies, a group of mining businesses, hascompleted its acquisition of Dominion Diamond Corporation after receiving allthe required approvals.Dominion will operate as a standalone, private company underthe leadership of new CEO Patrick Evans, who assumes...
Mining Nov 02, 2017 Rapaport News
Dominion Jay project
Washington Nears Dominion Completion
The Ontario Superior Court of Justice has approved the WashingtonCompanies’ acquisition of Dominion Diamond Corporation, the Canada-based minerreported Friday.The deal’s completion still depends on Dominion holding atleast $150 million in cash if the closing occurs...
Mining Sep 25, 2017 Rapaport News
Ekati Mine
Dominion Mulls Ekati Underground Project
Dominion Diamond Corporation is considering a $628 million investment to go underground at the Fox pit and extend its Ekati mine operation by seven years. The current mine plan at Ekati accounts for operations until 2035, with...
Mining Sep 10, 2017 Rapaport News
Patrick Evans
Patrick Evans to Be New Dominion Chief
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...
Mining Aug 10, 2017 Rapaport News
Dominion Ekati mine
Dominion Seals $1.2B Takeover by Washington
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...
Mining Jul 17, 2017 Rapaport News
Ekati mine
Washington Companies in Talks to Buy Dominion
Dominion Diamond Corp, the third-largest diamond producer by value, is in advanced talks with the Washington Companies on a cash-takeover bid, news agencies reported.Negotiations are focused on the two sides settling on a price for the Canadian diamond...
Mining Jul 16, 2017 Rapaport News
Jim Gowans Dominion
Dominion Team to Assess Potential Sale
Dominion Diamond Corporation has set up a team of directorsto evaluate a potential sale of the company, the miner said in a statementMonday.The committee will work with Dominion’s management team andadvisors to “consider alternatives that could include the...
Mining Mar 27, 2017 Rapaport News
Ekati
Dominion, Stornoway in Merger Talks: Report
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...
Mining Mar 22, 2017 Rapaport News
Ekati Underground Workers
Dominion Rejects $1.1B Takeover Bid
Dominion Diamond Corp has turned down an offer to be purchased for over $1 billion by the Washington Companies, the mining company said late Sunday. Washington, which has interests in mining, transportation and heavy equipment businesses...
Mining Mar 20, 2017 Rapaport News
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