Ekati Diamond Mine

Burgundy Diamond Mines announces 2023 year-end results

Retrieved on: 
Wednesday, March 27, 2024
Diamond, BDM, Ekati Diamond Mine, ASX, Sale, Bank statement, Australian Securities Exchange, Annual report, Rare-earth element

PERTH, Western Australia and CALGARY, Alberta, March 27, 2024 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) provided the filing of its 2023 Annual Report, including the annual audited financial statements and explanation of results for the 6-month period ended December 31, 2023, to the Australian Stock Exchange on March 27, 2024.

Key Points: 
  • PERTH, Western Australia and CALGARY, Alberta, March 27, 2024 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) provided the filing of its 2023 Annual Report, including the annual audited financial statements and explanation of results for the 6-month period ended December 31, 2023, to the Australian Stock Exchange on March 27, 2024.
  • Following the transformational purchase of 100% interest in Ekati Diamond Mine on July 1, 2023, Burgundy Diamond Mines is pleased with the performance over the last six-months with proceeds of US$258 million from the sale of 2.6 million carats and operational cash flow of US$68 million despite difficult diamond market conditions.
  • “Ekati mine is the seventh largest diamond producer globally and has the third largest diamond endowment.
  • This optionality forms the basis of the Ekati mine life extension efforts, with potential to build on the 25-years of successful production at Ekati and is the cornerstone of our Burgundy growth aspirations,” said Kim Truter, Burgundy Diamond Mines Chief Executive Officer and Managing Director.

Burgundy Diamond Mines 2023 Socio-Economic Agreement Report released highlighting its contribution and investment in Canada’s North

Retrieved on: 
Thursday, March 21, 2024
Diamond, BDM, Employment, First Nations, Government, Yellowknives, Environment, Ekati Diamond Mine, ASX, Kugluktuk, Ekati, Indigenous peoples, Hamlet, Safety, Workforce

PERTH, Western Australia and CALGARY, Alberta, March 21, 2024 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines (ASX:BDM) is pleased to provide its 2023 Socio-Economic Agreement Report.

Key Points: 
  • PERTH, Western Australia and CALGARY, Alberta, March 21, 2024 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines (ASX:BDM) is pleased to provide its 2023 Socio-Economic Agreement Report.
  • The Socio-Economic Agreement Report is published annually and highlights the numerous ways our operations at Ekati Diamond Mine provide social and economic benefits to Canada’s North.
  • The report summarizes key performance metrics covering safety, employment, environment, community investment and northern business expenditures.
  • Burgundy Diamond Mines’ commitment to sustainable development and contributions towards local communities, specifically benefiting local Indigenous peoples including First Nations, Inuit and Métis, are outlined in the report.

Burgundy Diamond Mines completes transformational acquisition of Ekati

Retrieved on: 
Tuesday, July 4, 2023
Diamond, Ekati Diamond Mine, De Beers, Ekati, Growth, Acquisition, Argyle diamond mine, Burgundy, Diavik Diamond Mine, Jewellery

CALGARY, Alberta, July 04, 2023 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited has successfully completed the transaction to acquire 100 percent of Arctic Canadian Diamond Company Limited shares including its primary mining asset, the Ekati Diamond Mine in Canada’s Northwest Territories.

Key Points: 
  • CALGARY, Alberta, July 04, 2023 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited has successfully completed the transaction to acquire 100 percent of Arctic Canadian Diamond Company Limited shares including its primary mining asset, the Ekati Diamond Mine in Canada’s Northwest Territories.
  • The successful acquisition provides Burgundy with an enviable and exciting position to continue to expand its innovative strategy and explore further growth opportunities as a world class end-to-end diamond company.
  • Burgundy Diamond Mines’ corporate brand will extend globally, including in Canada, led by Chief Executive Officer (CEO) Kim Truter.
  • His previous roles included CEO of De Beers Canada, Chief Operating Officer of Rio Tinto Diamonds, Managing Director of Argyle Diamond Mines in Australia, and President and Chief Operating Officer of Diavik Diamond Mines.

Transformational acquisition of the Ekati Diamond Mine, Canada

Retrieved on: 
Tuesday, March 14, 2023
Diamond, Acquisition, Machine learning, Sale, Burgundy, Artificial intelligence, Mining, Arctic Canadian Diamond Company, Ekati Diamond Mine, Jewellery, Ekati

The proposed acquisition of Arctic Canadian Diamond Company is transformational for Burgundy – post completion, making Burgundy the largest ASX-listed diamond company and one of the largest listed diamond companies globally.

Key Points: 
  • The proposed acquisition of Arctic Canadian Diamond Company is transformational for Burgundy – post completion, making Burgundy the largest ASX-listed diamond company and one of the largest listed diamond companies globally.
  • The newly acquired Ekati Diamond Mine completes Burgundy’s strategy of becoming truly vertically integrated across the diamond value chain.
  • “This is an exciting and transformational acquisition for Burgundy with potential to generate significant and growing returns for our shareholders.
  • To learn more about Ekati Diamond Mine and the proposed transaction please visit the Burgundy Diamonds website to view its ASX Announcement .

Arctic Canadian Diamond Company Limited, including Ekati Diamond Mine, to be sold to Burgundy Diamond Mines Limited

Retrieved on: 
Monday, March 13, 2023
Diamond, Acquisition, Longevity, Sale, Burgundy, Beer Canada, Arctic, Mining, Arctic Canadian Diamond Company, BDM, Investment, Ekati Diamond Mine, ASX, Oil, Ekati

CALGARY, Alberta, March 13, 2023 (GLOBE NEWSWIRE) -- Arctic Canadian Diamond Company Ltd. has entered into a binding share purchase agreement with Burgundy Diamond Mines Limited, a company publicly traded in Australia (ASX:BDM).

Key Points: 
  • CALGARY, Alberta, March 13, 2023 (GLOBE NEWSWIRE) -- Arctic Canadian Diamond Company Ltd. has entered into a binding share purchase agreement with Burgundy Diamond Mines Limited, a company publicly traded in Australia (ASX:BDM).
  • Ekati Diamond Mine has been in operation for close to 25 years during which time it has delivered significant positive socio-economic benefits to the North.
  • The sale announced today will result in a significant recapitalization of Arctic Canadian, which will secure continued operations and longevity for the mine.
  • This makes for a good fit with Arctic Canadian and its Ekati Diamond Mine.

Mason Graphite to Appoint Ms. Adree DeLazzer as Independent Director Following Upcoming Annual General and Special Meeting

Retrieved on: 
Monday, December 12, 2022
Diamond, Exploration, United Nations, Bachelor of Science, Special, NMG, Annual, Uranium, Mining, TSX Venture Exchange, Superintendent, Meeting, Polymer, Abitibi, Silver, Earth science, NOU, REE, Rana Shoaib Adrees Khan, FS, Biophysical environment, St. Mary's, Kirkland Lake Gold, Shareholder, NYSE, Proxy, Théâtre du Nouveau Monde, Ekati Diamond Mine, BHP, Growth, Multimedia, Feasibility study, Social Security Government Pension Offset, University, TSX, Graphite, Social, Holding company, Carbon fibers, Geology

Mr. Fahad Al-Tamimi, Chairman of the Board commented: "On behalf of the Board we are looking forward to welcoming Adree to the team.

Key Points: 
  • Mr. Fahad Al-Tamimi, Chairman of the Board commented: "On behalf of the Board we are looking forward to welcoming Adree to the team.
  • Ms. DeLazzer joined Royal Fox Gold Inc. as Vice President Exploration in September 2021 and continued in the same role with Northern Superior Resources Inc. following the merger with Royal Fox Gold.
  • At Mason Graphite, we focus on sustainability and minimizing the environmental impact, demonstrating operational excellence while contributing to the local community where we operate.
  • We are committed to all our stakeholders and proud to partner with Nouveau Monde Graphite and Black Swan Graphene.

Arctic Canadian Diamond Company Recovers Canada's Largest Fancy Vivid Yellow Diamond

Retrieved on: 
Friday, September 23, 2022
Diamond, Ekati Diamond Mine, Ekati, Mining, Arctic Canadian Diamond Company, CEO, GLOBE, Gemstone

CALGARY, Alberta, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Arctic Canadian Diamond Company (Arctic Canadian) is pleased to announce the recovery of an exceptional gemstone a beautiful octahedron diamond, weighing in at 71.26 carat.

Key Points: 
  • CALGARY, Alberta, Sept. 23, 2022 (GLOBE NEWSWIRE) -- Arctic Canadian Diamond Company (Arctic Canadian) is pleased to announce the recovery of an exceptional gemstone a beautiful octahedron diamond, weighing in at 71.26 carat.
  • This historic fancy vivid yellow gemstone continues to showcase Canada as a majorplayer on the world stage for diamond mining, said Rory Moore, President and CEO of Arctic Canadian.
  • Likely the largest fancy vivid yellow diamond recovered in Canada, originated from the Ekati Diamond Mine Misery Pipe.
  • Arctic Canadian Diamond Company Ltd. is a Canadian mining company and a significant producer and supplier of premium rough diamond assortments to the global market.

URM development goes into next phase: Arctic Canadian Diamond Company awards IHC Mining with contract for underwater mining crawler

Retrieved on: 
Wednesday, September 14, 2022
Diamond, Lynx, URM, Mining, Ekati Diamond Mine, Industry, Arctic Canadian Diamond Company, Gold, IHC, Mineral, Tin, Solution, Royal IHC, Water, GLOBE, High Blast Explosive, Royal, Oil, Uranium, Dredging, Tutoring

Arctic Canadian has now awarded IHC Mining with a contract to build and deliver an Underwater Mining Crawler for the URM system.

Key Points: 
  • Arctic Canadian has now awarded IHC Mining with a contract to build and deliver an Underwater Mining Crawler for the URM system.
  • The underwater mining crawler is a remote operated continuous mining machine, equipped with the latest underwater control and positioning equipment.
  • The goal will be the extraction of approximately 150,000 tonnes of Lynx kimberlite ore.
    Arctic Canadian and IHC Minings Underwater Mining Crawler for the Underwater Remote Mining System.
  • Arctic Canadian Diamond Company Ltd. is a Canadian mining company and a significant producer and supplier of premium rough diamond assortments to the global market.

Arctic Canadian Diamond Company and IHC Mining Jointly Developing Innovative Underwater Remote Mining System

Retrieved on: 
Tuesday, February 22, 2022
Diamond, Lynx, GLOBE, Ekati, Ekati Diamond Mine, Mining, IHC, Royal IHC, Mineral, Royal, Industry, Arctic Canadian Diamond Company, Tin, Gold, Solution, CEO, URM, Oil, Tutoring, Arctic

Arctic has now awarded IHC Mining with a contract to build and deliver a Launch and Recovery Platform for the URM system.

Key Points: 
  • Arctic has now awarded IHC Mining with a contract to build and deliver a Launch and Recovery Platform for the URM system.
  • The President & CEO of Arctic, Rory Moore commented, We are excited to reach this important milestone in the development of an innovative underwater remote mining system with our partner IHC Mining.
  • Arctic and IHC Mining started their cooperation in 2018 to jointly develop an innovative and integrated mining solution.
  • Arctic Canadian Diamond Company Ltd. is a Canadian mining company and a significant producer and supplier of premium rough diamond assortments to the global market.

Rory Moore Appointed President & CEO of Arctic Canadian Diamond Company

Retrieved on: 
Friday, November 19, 2021
Mining, Minerals, Natural Resources, Diamond, Arctic Canadian Diamond Company, BHP, Ekati Diamond Mine, CEO, University, Leadership, TSX, COVID-19, University of Cape Town, Ownership, Association, Board, Interim, Ekati, Maintenance, Mining, Lac, Management

Arctic Canadian Diamond Company (Arctic) announced today that Rory Moore has been appointed to the position of President and Chief Executive Officer effective immediately, following his serving as Interim President through the period of restarting and ramping up operations at the Ekati Diamond Mine.

Key Points: 
  • Arctic Canadian Diamond Company (Arctic) announced today that Rory Moore has been appointed to the position of President and Chief Executive Officer effective immediately, following his serving as Interim President through the period of restarting and ramping up operations at the Ekati Diamond Mine.
  • We have full confidence that Rory and his team have the required vision, expertise and experience to deliver the long-term strategic goals of the company.
  • Arctic Canadian Diamond Company Ltd. is a Canadian mining company and a significant producer and supplier of premium rough diamond assortments to the global market.
  • In addition to its mining and exploration operations, Arctic Canadian Diamond Company Ltd. has offices in Canada and Belgium.