Burgundy Diamond Mines Limited has completed the transaction to acquire 100 per cent of Arctic Canadian Diamond Company Limited shares including its primary mining asset, the Ekati Diamond Mine in Canada’s Northwest Territories. Burgundy is founded in Perth, Western Australia and is led by a world-class management team and board.
With Ekati in its portfolio, Burgundy is now a fully integrated global-scale diamond company that can authentically trace the full chain of custody of high quality, ethically and sustainably sourced diamonds from its mine in Canada right through directly to its customers.
Burgundy Diamond Mines’ corporate brand will extend globally, including in Canada, led by Chief Executive Officer (CEO) Kim Truter. Truter has more than 30 years of experience in both surface and underground mining operations, and large-scale project development across multiple geographies.
“Burgundy is well-positioned for growth, with significant value to be delivered to all stakeholders through our fully integrated end-to-end value chain now including the global scale Ekati asset,” said Truter.
“I look forward to engaging with stakeholders in the Canadian North, many of whom I have successfully partnered with previously. Local communities, Indigenous partners, and government officials remain vitally important to what we believe will be an exciting and beneficial future for all involved,” he added.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished
