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Stock Market & Financial Investment News

News Breaks
July 21, 2014
06:37 EDTDDCDominion Diamond releases updated mine plan for Ekati Diamond Mine
Dominion Diamond announces that the Company has promoted the Misery Satellite material previously identified as an exploration target to an inferred resource. The Company also released an updated mine plan for the Ekati Diamond Mine. This current mine plan assumes production from Misery, Pigeon and Lynx open pits, and the Koala and Koala North underground operations. The mining of the Fox pit was completed this year. Koala North is currently in production as a sub level retreat underground operation and is scheduled to finish later this year. Koala is currently in production as a sublevel / inclined cave underground operation and is scheduled to finish in fiscal 2020. Stripping of waste material and satellite kimberlite is in progress at Misery open pit with expected full year production from the Misery Main Pipe in FY16 and completion of mining in FY18. Stripping of waste material from Pigeon open pit is scheduled to commence this year with mining of kimberlite commencing in FY16 and finishing in FY20.
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November 20, 2014
07:18 EDTDDCDominion Diamond CEO Takes Medical Leave
Dominion Diamond announces that the board of directors has granted Robert Gannicott, Chairman and CEO, medical leave of absence to undergo important treatment which is expected to continue until mid- February next year. While Gannicott is undergoing treatment, current lead director and long standing board member Dan Jarvis will assume the role of Acting Chairman and will be supported in this role by Audit Committee Chairman Ollie Oliveira. During this period, Brendan Bell, currently EVP, will assume the role of Acting CEO.
November 17, 2014
08:40 EDTDDCDominion Diamond management to meet with UBS
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