Burgundy Diamond Mines Ltd. is paying US$136 million to assume control of the Ekati complex from Arctic Canadian Diamond Co Ltd. Read more.
Under the deal, Burgundy would send US$21 million worth of its shares to Arctic Canadian, and take on US$100 million in debt. In addition, Burgundy would pay $15 million cash to Arctic Canadian in December 2023.
The value of the mine has fluctuated wildly throughout the years. In 2017, Dominion purchased Ekati for US$1.2 billion along with other assets. Before that, in 2013, the previous owner purchased it from what is now called BHP Mining Co. for US$553 million.Article content Not counting last year’s US$494 million in revenue, the Ekati complex had been plagued by operational issues in recent years.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
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.
Lire la suite »
Australian company to buy Arctic Canadian Diamond Company's assetsYELLOWKNIFE — An Australian company is set to buy all of Arctic Canadian Diamond Company Ltd.’s assets, including the Ekati diamond mine in the Northwest…
Lire la suite »
Australia's Burgundy purchases one of N.W.T.'s 3 diamond mines, giving new life to the troubled Ekati complexBurgundy Diamond Mines Ltd. is paying US$136 million to assume control of the Ekati complex from Arctic Canadian Diamond Co Ltd. Read more.
Lire la suite »
Australia's Burgundy purchases one of N.W.T.'s 3 diamond mines, giving new life to the troubled Ekati complexBurgundy Diamond Mines Ltd. is paying US$136 million to assume control of the Ekati complex from Arctic Canadian Diamond Co Ltd. Read more.
Lire la suite »
Haiti claims delayed Canadian armoured vehicles hinder plan to control gangsHaiti\u0027s troubled government is accusing Canada of stalling in its promised delivery of armoured vehicles.
Lire la suite »
Haiti claims delayed Canadian armoured vehicles hinder plan to control gangsHaiti\u0027s troubled government is accusing Canada of stalling in its promised delivery of armoured vehicles.
Lire la suite »