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In Depth: The Sun is Shining Bright for Arctic Canadian

In Depth: The Sun is Shining Bright for Arctic Canadian
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Arctic Canadian Diamond Company to join NDC

Arctic Canadian Diamond Company to join NDC The Natural Diamond Council (NDC) has announced that Arctic Canadian Diamond Company Ltd. (ACDC) has joined the NDC, effective immediately. By: Diamond World News Service | | Reference: 25531   The largest stone found at the Ekati mine is a 186-carat gem quality diamond from the Pigeon pit. Courtesy of Arctic Canadian Diamond Company Arctic Canadian Diamond Company Ltd., a company formed and owned by funds and accounts managed by DDJ Capital Management, Brigade Capital Management, LP and Western Asset Management Company, LLC has acquired the Ekati Mine assets.   Kristal Kaye, Chief Financial Officer of Arctic Canadian Diamond Company, will join the Board of Directors of the NDC.

Ekati Mine Set To Restart Under New Company, Leader

Share Dominion Diamond Mines has completed the sale of the Ekati mine in Canada’s Northwest Territories to a newly created company, Arctic Canadian Diamond Co. The sale has allowed the mine, which has been on care and maintenance since March 2020 because of the COVID-19 pandemic, to reopen. Ekati initiated a 10-week phased restart in November 2020, and returned to full operations on Jan. 20. It is expected that all employees will return to work no later than Feb. 25. Rory Moore, who has served as Dominion’s vice president of exploration since 2018, has been appointed Arctic’s interim president. “We are excited to have our employees back at work and to have Ekati in full production again,” said Moore in a statement. “This new partnership will bring fresh perspectives to our operations and be the driving force behind our continued growth.”

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