Last week, Dominion Diamond Corporation bought out the buffer zone of its Ekati mine from partner Archon Minerals Limited.
This section of the project contains 106 mining leases. Out of all 150 kimberlite
The buffer zone is a section of the Ekati project containing 106 mining leases. Of the mine’s 150 discovered kimberlite pipes, 38 are located in this area.
Prior to this deal, Dominion owned the zone jointly with Archon. Now, Archon will relinquish its stake in exchange for a 2.3 per cent royalty of all future revenue from diamonds in this zone.
Now, Dominion has 100 per cent interest in the buffer zone, as well as 88.9 per cent of the mine’s core area.
