bankruptcy

Featured, News October 9, 2020

Ekati Diamond Mine sale falls through

Dominion's stake in Diavik was left out of the deal.

The deal to sell the Ekati Diamond Mine has fallen through after being refused by bond issuers on Friday. A press release says the approximate $280 million deal fell apart as the offer by two affiliated companies, a “stalking horse bid,” was rejected by Aviva Insurance Company of Canada, Argonaut…

Featured, Industry, News September 16, 2020

Dominion Diamond parent company makes sole bid for Ekati assets worth US$126M

Dominion's stake in Diavik was left out of the deal.

Dominion Diamond Mines has accepted a bid for its Ekati assets from two affiliates of its parent company, the Washington Companies. The bid is worth US$126 million (about CAD$166 million) plus another US$20 million to the suppliers. This was the sale price previously expected. There were no other bids for…