Dominion Diamond Corporation For Sale

Stocks hit $17.80 per share after company announces plan Monday


Dominion Diamond Corporation's stocks rose again Monday after announcing it would listen to offers from potential buyers for the company.

Shares in the mining company rose after the company announced the decision in a statement Monday morning. 

Dominion Diamond operates the Ekati mine and owns 40 per cent of the Diavik mine through a joint venture with Rio Tinto PLC. Both mines are located in the Northwest Territories, about 300 km northeast of Yellowknife.

It's the latest development for the company since an unsolicited $1.1-billion purchase proposal from the Montana-based The Washington Companies was disclosed March 19.


Full Story: CBC News