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Eking out many more Ekati diamonds the key for buyer Burgundy

Original BHP development reaching the end of its life but new owner optimistic more to be mined

Michael Quinn
The Ekati diamond mine. Source: Arctic Canadian Diamond Company

The Ekati diamond mine. Source: Arctic Canadian Diamond Company

Burgundy said it will raise US$150 million to fund the $136 million acquisition of Ekati, with the equity issue price still to be determined. A share purchase plan of as-yet unknown quantum is also to...

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