Mining company BHP is proposing an early-stage exploration program this summer across several vast areas on the Queen Elizabeth Islands in the Northwest Territories and Nunavut.
Amidst wildfire and mass evacuation, the Mine Training Society and Diamonds Do Good® announced good news for five students from Canada's Northwest Territories (NWT).
Burgundy Diamond Mines has dialled back its underwritten placement from $US150 million ($231 million) to $US126 million ($193 million), as current owners of its Canadian M&A target Ekati decide to retain a 19.9 per cent stake.
Michael O’Keefe, of Riversdale and Champion Iron fame, is back from roadshows for Burgundy Diamond Mines and ready to start collecting bids for the company’s $US150 million ($231 million) raising to help bankroll its acquisition of Canada’s Ekati diamond 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.