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Arctic Canadian Diamond Company

Yellowknife, Northwest Territories | (443 mining employees) and the Public Service Alliance of Canada (PSAC), (as represented by its component, the Union Of Northern Workers (UNW), Diamond Workers, Local X3050)

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Troubled Canadian diamond mine Ekati gets new life as Australian company takes control – by Gabriel Friedman (Financial Post – March 16, 2023)

Troubled Canadian diamond mine Ekati gets new life as Australian company takes control – by Gabriel Friedman (Financial Post – March 16, 2023)
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Proposed sale of N W T s Ekati diamond mine touted as good for the North

As the Northwest Territories' Ekati diamond mine approaches its closure, an Australian company is eager to buy it and hopefully extend its life.

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Australia s Burgundy purchases N W T s troubled Ekati diamond mine

Burgundy Diamond Mines Ltd. is paying US$136 million to assume control of the Ekati complex from Arctic Canadian Diamond Co Ltd. Read more.

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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.

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