Australian company to buy Arctic Canadian Diamond Company's assets

Burgundy Diamond Mines has entered into a binding share purchase agreement with Arctic for approximately US$136 million.

An announcement from Arctic says the sale will secure continued operations and longevity for the mine. As of November 2022, Arctic says the mine has produced roughly 90.8 million carats, including a 186-carat diamond that was recovered and sold in 2016. “The hard work of our people has led to a return to steady state profitable operations and successfully demonstrated the longer-term value of the Ekati asset that attracted Burgundy to this transaction.”

Won't be happening,last company mining heritage children of ownership properties were from India,they ripped off heritage children,Wright's to mine were illegally obtained by use of manipulation,of illegal suppression of Crown Governor Prince Jimmy of Canada,World Courts contrats

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian company to buy Arctic Canadian Diamond Company's assetsAn Australian company is set to buy all of Arctic Canadian Diamond Company Ltd.'s assets, including the Ekati diamond mine in the Northwest Territories. Makes me nervous. We had an Australian (still maybe do) who wants to rip up Eastern Slopes of the Rockies to dig coal At what benefit to ABns who rely on the water quality coming fr that area? Or the scars that will be there for yonks. Wld prefer Cdn resources developed for Cdns. Natural resources should only be owned by full Canadian owed companies Does Canada own anything anymore? I lived in a mining community and the folks trying to get in there were all Australian as well. Does anyone have any idea how much we buy local is made locally? I think some politicians sold us down the river. Does anyone know who that was?
Source: CTVCalgary - 🏆 26. / 68 Read more »