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Burgundy Diamond increases Canadian presence with Ekati purchase

Australia’s Burgundy Diamond Mines will spend US$136 million (AU$209) acquiring the Ekati diamond mine in Canada’s Northwest Territories.

Georgia Williams
Burgundy plans to conduct an equity raising for up to US$150 million. Photo: Burgundy

Burgundy plans to conduct an equity raising for up to US$150 million. Photo: Burgundy

In order to take ownership of the Ekati mine, Burgundy will purchase 100% of the common shares of the Canadian Arctic Diamond Company and the marketing division. In 2022, sales from the Ekati mine topped...

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