The company thought to be the most logical to partner with or purchase Dominion Diamond Mines is not interested in the troubled diamond company.
In a recent affidavit, former Dominion CEO and former N.W.T. cabinet minister Brendan Bell says Dominion’s partner in the Diavik diamond mine — Diavik Diamond Mines Inc., a subsidiary of global mining giant Rio Tinto — is the most obvious candidate to purchase Dominion’s 40 per cent stake in the Diavik diamond mine and also to purchase the Ekati mine, which Dominion owns 90 per cent of.
Dominion is in the process of restructuring or being sold, having been granted creditor protection in April. Continue Reading →