De Beers Won’t Bid For Ekati Mine

Mining Weekly reported De Beers has decided not to bid for BHP Billiton’s (NYSE:BHP) Ekati diamond mine.

As quoted in the market news:

De Beers, soon to be majority owned by miner Anglo American, entered the auction process late and examined the possibility of an offer, which would have been its first acquisition under its new CE and one of its largest. Ekati would also have been only the group’s second deal in Canada, more than a decade after the diamond producer took control of Snap Lake – its first mine outside Africa.

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