| Dominion Diamond Mines assets bought by parent company Pending court approval, Dominion Diamond Mines has accepted a lone bid for its assets by its parent company, the Washington Companies. The US$126 million buyout sees Washington purchase all of Dominion’s assets liabilities related to Ekati, including employment and pensions. Dominion, which will be exiting creditor protection with this deal, says a return to work at Ekati won’t take place until after the deal closes, expected November 7, and after the global diamond markets recover. Source: CBC North |