The union representing 400 workers at the Ekati diamond mine had no forewarning of the financial difficulties that led to Dominion Diamond Mines' decision to file for creditor protection this week. Dominion said restrictions related to the pandemic mean the company cannot move or sell diamonds worth nearly $200 million, leaving it without the cash to make critical payments of $16 million this week and $28 million at the start of May. The murky future for two diamond mines in the Northwest Territories has led a major credit ratings agency to doubt whether the owner of those mines will pay off a $550-million bond it owes creditors. Dominion Diamond Mines, which entered creditor protection this week, says it still plans to reopen its NWT Ekati mine following the Covid-19 pandemic. The deal, which is subject to court approval, would provide an affiliate of the Washington Companies — which purchased Dominion for $1.2 billion in 2017 — with the right to acquire all of Dominion’s assets for approximately $126 million. Dominion Diamond Mines is a Canadian diamond mining company with ownership interests in two major producing diamond mines situated approximately 200 kilometers south of the Arctic Circle in Canada’s Northwest Territories.

Dominion Diamond Mines, owner of the NWT’s Ekati mine and major stakeholder in its neighbour, Diavik, has filed for insolvency protection. Dominion Diamond Mines | 4,164 volgers op LinkedIn | Dominion Diamond Mines is a Canadian diamond mining company with ownership interests in two major producing diamond mines situated approximately 200 kilometers south of the Arctic Circle in Canada’s Northwest Territories. COVID-19 and the global diamond trade. Dominion Diamond Mines' biggest creditors are nervous about a proposal to bring the company out of creditor protection and resume operations. Company profile page for Dominion Diamond Mines ULC including stock price, company news, press releases, executives, board members, and contact information The industry has been mired in a slump for the past decade. The … Dominion Diamond Mines has been granted a reprieve after filing for insolvency protection, the company announced Wednesday in a press release. The affiliate would also … In a news release on Wednesday afternoon, the company said it had obtained an order from the Alberta Court … About Dominion Diamond Mines Dominion Diamond Mines ULC is a Canadian mining company and one of the world’s largest producers and suppliers of premium rough diamond assortments to … Dominion Diamond Mines ULC says it has signed a letter of intent with an affiliate of The Washington Companies under which an entity to be managed by … Dominion Diamond Mines ULC is a Canadian mining company and one of the world’s largest producers and suppliers of premium rough diamond assortments to the global market. Dominion Diamond runs the iconic Ekati mine and owns 40% of Diavik (pictured), Canada’s largest diamond mine in terms of carat production. Dominion Diamond Mines and its owner The Washington Companies has appointed Patrick Merrin to be its new interim chief executive officer, taking over from Shane Durgin who has left Dominion to “pursue other opportunities,” according to Dominion’s statement.

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