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CALGARY, Alberta, July 04, 2023 (GLOBE NEWSWIRE) — Burgundy Diamond Mines Restricted has efficiently accomplished the transaction to amass 100% of Arctic Canadian Diamond Firm Restricted shares together with its main mining asset, the Ekati Diamond Mine in Canada’s Northwest Territories. The profitable acquisition supplies Burgundy with an enviable and thrilling place to proceed to develop its revolutionary technique and discover additional development alternatives as a world class end-to-end diamond firm. With Ekati in its portfolio, Burgundy is now a completely built-in world scale diamond firm that may authentically hint the total chain of custody of top quality, ethically and sustainably sourced diamonds from its mine in Canada proper by on to its clients.
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Burgundy Diamond Mines’ company model will lengthen globally, together with in Canada, led by Chief Government Officer (CEO) Kim Truter. Mr. Truter has greater than 30 years of expertise in each floor and underground mining operations, and large-scale challenge improvement throughout a number of geographies. His earlier roles included CEO of De Beers Canada, Chief Working Officer of Rio Tinto Diamonds, Managing Director of Argyle Diamond Mines in Australia, and President and Chief Working Officer of Diavik Diamond Mines.
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“Burgundy is well-positioned for development, with important worth to be delivered to all stakeholders by our absolutely built-in end-to-end worth chain now together with the worldwide scale Ekati asset,” stated Mr. Truter.
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“Burgundy traders have overwhelmingly supported and endorsed this acquisition, and they’re exhibiting nice curiosity in producing sustainable and useful pure diamonds by way of mines in Canada and bringing them to market by our revolutionary enterprise mannequin.”
“I sit up for partaking with stakeholders within the Canadian North, a lot of whom I’ve efficiently partnered with beforehand. Native communities, Indigenous companions, and authorities officers stay vitally necessary to what we imagine shall be an thrilling and useful future for all concerned.”
About Burgundy Diamond Mines Restricted
Burgundy Diamond Mines is a premier unbiased world scale diamond firm targeted on capturing the end-to-end worth of its distinctive vertically built-in enterprise mannequin.
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Burgundy’s revolutionary technique is targeted on capturing margins alongside the total worth chain of the diamond market, inclusive of mining, manufacturing, slicing and sharpening, and sale of diamonds. By constructing a balanced portfolio of the world’s finest diamond tasks in beneficial jurisdictions, together with the globally ranked Canadian mining asset Ekati, a world class diamond slicing and sharpening facility in Perth, and excessive worth diamond manufacturers together with Maison Mazerea and Canadamark, Burgundy has unlocked entry to the total diamond worth chain.
This end-to-end enterprise mannequin with complete chain of custody supplies traceability alongside each step of the method, with Burgundy capable of safeguard the moral manufacturing of the diamonds from mining to advertising and marketing and discovery to design.
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Burgundy is based in Perth, Western Australia and led by a world-class administration group and Board.
Warning concerning Ahead Wanting Info
This doc accommodates forward-looking statements regarding Burgundy Diamond Mines Restricted. Ahead-looking statements are usually not statements of historic truth and precise occasions and outcomes might differ materially from these described within the forward-looking statements because of quite a lot of dangers, uncertainties and different elements. Ahead-looking statements on this doc are primarily based on Burgundy’s beliefs, opinions and estimates as of the dates the forward-looking statements are made, and no obligation is assumed to replace ahead wanting statements.
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Media contacts:
Kim Truter
Chief Government Officer
Burgundy Diamond Mines Ltd
info@burgundy-diamonds.com
+61 8 6313 3945
Russell Quinn
Buyers and Media
Citadel-MAGNUS
rquinn@citadelmagnus.com
+61 403 322 097
Lorena Charest
Supervisor, Company Communications
lorena.charest@arcticcanadian.ca
1.403.703.5536
Extra data might be discovered at:
https://arcticcanadian.ca/press-release/
https://www.burgundy-diamonds.com/
Photographs accompanying this announcement can be found at
https://www.globenewswire.com/NewsRoom/AttachmentNg/95f0707f-7cbc-458e-b94d-dd51b4e980a2
https://www.globenewswire.com/NewsRoom/AttachmentNg/6c01015b-4750-4ce7-b5da-626f6c69ba84
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