Dominion Diamond Completes Ekati Diamond Mine Acquisition

Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) announced that the company has completed its acquisition of the interest of BHP Billiton Canada in the Ekati Diamond Mine along with the diamond sorting and sales facilities in Canada and Belgium. The company has paid a total amount of US$553 million.

As quoted in the press release:

The terms of the purchase are summarized in the Company’s news release dated November 13, 2012.  The purchase price was US$500 million plus purchase price adjustments of US$53 million for a total amount paid of US$553 million. The purchase price adjustments include US$13.4 million interest on the purchase since July 1, 2012, and the remaining sum comprises taxes, capital expenditures and other items funded by BHP Billiton since July 1, 2012.

Click here to read the full Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) press release.