Diamond – Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) announced that the company has completed its acquisition of the interest of BHP Billiton Canada in the Ekati Diamond Mine along with the diamond sorting and sales facilities in Canada and Belgium. The company has paid a total amount of US$553 million.
Diamond – Harry Winston Diamond Corporation (TSX:HW, NYSE:HWD) announced that it received a formal Notice of Discontinuance of the court action filed by C. Fipke Holdings Ltd against the company as well as other companies including BHP Billiton Canada Ltd, Archon Minerals, and Stuart Blusson. The court action related to the company’s proposed acquisition of BHP Billiton’s interests in the Ekati mine.
Diamond – Bloomberg reported that Harry Winston Diamond Corp. has said that C. Fipke Holdings Ltd, a minority stakeholder of the Ekati diamond mine, has launched a legal suit to block the company’s planned acquisition of an 80% share of BHP Billiton Ltd’s Canadian operation.
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