Diamond News
Burgundy Diamonds Acquires 100% of Artic Canadian’s Assets Including Ekati Mine
The Diamond Loupe
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Burgundy Diamonds Acquires 100% of Artic Canadian’s Assets Including Ekati Mine
Australia-based Burgundy Diamond Mines has signed a binding share purchase agreement to acquire Canada-based Artic Canadian’s (AC) assets, including the entirety of Ekati Diamond mine, for nearly $136m. AC owns 100% of all businesses, assets and other interests comprising the producing Ekati mine in Canada’s Northwest Territories and expects the sale to result in a significant recapitalization of the firm and allow for continued operations for the Ekati Diamond Mine, which has been in production for nearly 25 years.
