Dominion acquires more of Ekati mine

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One of the world’s largest diamond producers, Dominion Diamond, has announced on October 15 that it has acquired a share for the Ekati mine for $55.4 million through Fipke. The company has increased its previous interest of 80 per cent in the Core zone of Ekati that features the mine and kimberlite pipes. Dominion now holds 88.89 per cent of interest as well as a 6.53 per cent of the Buffer zone. The Buffer zone features pipes that have development and exploration potential.

Dominion has also acquired 40 per cent of the Diavik mine, which Rio Tinto also owns by 60 per cent.

The news followed diamond expert Paul Zimnisky’s announcement that Canadian production of diamonds is expected to double in the next four years. CJ

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