Tuesday, July 18, 2017

Dominion Diamond Corporation - DDC.t

Dominion Diamond Corporation - DDC.t is a Canadian diamond mining company with ownership interests in two major producing diamond mines in Canada’s Northwest Territories. The Company operates the Ekati Diamond Mine (88.9% controlling interest) and also owns 40% of the Diavik Diamond Mine.

The company is the world’s third largest producer of rough diamonds by value.

On July 17, 2017 the company reported News

Dominion Diamond Corp. and The Washington Companies, a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis R. Washington, have entered into an arrangement agreement under which an entity affiliated with Washington will acquire all of Dominion's outstanding common shares for $14.25 (U.S.) per share in cash or a total equity value of approximately $1.2-billion (U.S.)