Owner of Canadian Mine for Sale

For sale: A stake in one of the world's most talked-about diamond mines. Dia Met, the company that spearheaded the diamond rush in Canada's Northwest Territories with its discovery of the Ekati mine, is for sale. The company owns 40% of the mine but has been in turmoil since the divorce of founder Charles Fipke. Following the announcement, press accounts speculated that De Beers, which already gets 33% of Ekati's output, would be a natural bidder-especially after its recent bids for Australia's Ashton Mining and another Canadian company, Winspear. But De Beers says it has no plans to bid on Ekati right now. "For now, it's not on our radar screen-nor is it likely to be for the near future," says De Beers spokesman Andrew Lamont. The other widely mentioned candidate: the mine's majority owner, Australian mining company BHP. But spokesman Graham Nicholls would say only that the mine i

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out