Burgundy Diamond Mines Completes Transformational Acquisition of Canadian Enterprise Journal Ekati

CALGARY, Alberta, July 4, 2023 (Globe Newswire) — Burgundy Diamond Mines Restricted owns a 100% stake in Arctic Canadian Diamond Firm Restricted, which features a main mining asset, the Ekati diamond mine in Canada’s Northwest Territories. You have got efficiently accomplished a transaction to accumulate a . With this profitable acquisition, Burgundy is in an enviable and thrilling place to proceed to increase its progressive technique and discover additional development alternatives as a world-class, end-to-end diamond firm. With the addition of Ekati to its portfolio, Burgundy is now a completely built-in international diamond firm with full traceability of the custody of its top quality, ethically and sustainably sourced diamonds, and the Canadian It may be delivered instantly from the mine to the client.

The Burgundy Diamond Mines company model will increase globally, together with Canada, beneath the management of CEO Kim Troter. Mr. Truter brings his 30+ years of expertise in each floor and subsurface mining operations, in addition to massive scale challenge growth throughout a number of geographies. Earlier positions embrace De Beers, his CEO of Canada, Rio, his Tinto, Chief Working Officer of his diamonds, Argyle, Australia, managing his diamond mines, There was a president and chief working officer and so forth.

“Burgundy is well-positioned for development and can ship important worth to all stakeholders by way of a completely built-in end-to-end worth chain together with international Ekati belongings,” stated Troter. stated.

“Burgundy traders overwhelmingly assist and approve this acquisition, with nice curiosity in producing valuable and sustainable pure diamonds by way of our Canadian mines and bringing them to market by way of our progressive enterprise mannequin. exhibits.”

“I look ahead to participating with events in northern Canada, lots of whom I’ve beforehand partnered with success. Native communities, indigenous companions and authorities officers proceed to be essential to these in want.”

About Burgundy Diamond Mines Restricted

Burgundy Diamond Mines is a worldwide impartial diamond firm targeted on capturing the end-to-end worth of a novel vertically built-in enterprise mannequin.

Burgundy’s progressive technique focuses on capturing income throughout the diamond market worth chain, together with diamond mining, manufacturing, slicing and sharpening, and gross sales. The world’s greatest diamonds in favorable jurisdictions, together with globally-ranked Canadian mining belongings Ekati, world-class diamond slicing and sharpening services in Perth, and high-value diamond manufacturers akin to Maison Mazerea and Canadamark Burgundy unlocked entry by constructing a balanced portfolio of tasks. throughout the diamond worth chain.

This end-to-end enterprise mannequin with full custody offers traceability at each step of the method, enabling Burgundy to safeguard the moral manufacturing of diamonds from mining to advertising, discovery to design.

Burgundy is based in Perth, Western Australia and is led by a world-class administration crew and board of administrators.

Cautionary Observe Concerning Ahead-Trying Data

This doc incorporates forward-looking statements concerning Burgundy Diamond Mines Restricted. Ahead-looking statements are usually not statements of historic truth and on account of varied dangers, uncertainties and different components, precise occasions or outcomes could differ materially from these set forth within the forward-looking statements. The forward-looking statements on this doc are based mostly on Burgundy’s beliefs, opinions and assumptions as of the date the forward-looking statements are made, and Burgundy undertakes no obligation to replace any forward-looking statements.

Media Contact:

Kim Troter
chief govt officer
Burgundy Diamond Mines Restricted
[email protected]
+61 8 6313 3945

Russell Quinn
traders and media
Citadel Magnus
[email protected]
+61 403 322 097

Lorena Charest
Company Communications Supervisor
[email protected]
1.403.703.5536

For extra info, please go to:

https://arcticcanadian.ca/press launch/

https://www.burgundy-diamond.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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