Announced
Completed
Financials
Tags
Private
Acquisition
Majority
Private Equity
General Mining
Completed
Friendly
Domestic
mining
Canada
Synopsis
Arctic Canadian Diamond, a Canadian mining company, completed the acquisition of Ekati Mine, a surface and underground diamond mine, from Dominion Diamond, a mining company. Additional investors include DDJ Capital Management, Brigade Capital Management, and Western Asset Management. Financial terms were not disclosed. “We are excited to have our employees back at work and to have Ekati in full production again. We are also very grateful to our new owners for the commitment they have demonstrated to Ekati and its stakeholders. This new partnership will bring fresh perspectives to our operations and be the driving force behind our continued growth," Rory Moore, Dominion Diamond Interim President.
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