Announced
Financials
Tags
Private
Canada
diamond mining
Friendly
Pending
Diamonds and Gemstones
Single Bidder
Acquisition
Majority
Synopsis
The Washington Companies, an industrial services provider, agreed to acquire Dominion Diamond Mines, a Canadian mining company, for $126m. This transaction will ensure Dominion will be able to deliver on its plans to resume mining operations at the Ekati Diamond Mine, provide assurance to Dominion’s employees, suppliers and the communities. It will also allow Dominion to pay or meet obligations owed to employees, and ensure compliance with all appropriate health, safety and environmental standards at Ekati and provide economic support to the communities in the Northwest Territories.
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