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Eking out many more Ekati diamonds the key for buyer Burgundy

DE BEERS 'Mini-Me' Burgundy Diamond Mines is set to buy the tiring Ekati diamond mine in Canada for about A$200 million.

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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