Burgundy Diamond Mines
 | The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (June 2024) |
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Nonmetallic Mineral Mining |
| Headquarters | , Canada |
| Products | Diamonds |
| Revenue |  $720.57 million USD (2016)[1] |
| $7.99 million USD (2016)[1] | |
Number of employees | 1625 (including contractors).[2] |
| Website | burgundydiamonds |
Burgundy Diamond Mines Limited is an end-to-end global diamond company that delivers gem-quality diamonds from its cornerstone asset Ekati Diamond Mine through rough sales to its polished and cut diamond sales office in Perth, Australia. Burgundy is publicly traded on the Australian Stock Exchange (ASX:BDM) and is the parent company of Arctic Canadian Diamond Company Limited.[3] The company sources its gem-quality diamonds from the Ekati Diamond Mine, located in the Northwest Territories, Canada. The company has a corporate office in Calgary, Alberta, Canada, a rough diamond sales office in Antwerp, Belgium, and a cut and polishing facility in Perth, Australia.[4]
History
[edit]Burgundy Diamond Mines Limited was initially known as EHR Resources Limited, an exploration company focused on a single gold and silver project, and publicly traded on the Australian Stock Exchange (ASX:EHX) since January 3, 2013.
On November 20, 2020, EHR Resources changed its name to Burgundy Diamond Mines[5] to reflect the company’s transition into a developer of diamond projects with investments into the Naujaat Diamond Project in Canada’s Northwest Territories and the Botswana Exploration Alliance.
On March 24, 2021, Burgundy Diamond Mines signed an option deed with Glibb River Diamonds Ltd. (ASX:GLB) to acquire 100% ownership of the Ellendale Diamond Project and Blina projects in the West Kimberly region of Australia. The company decided not to exercise the option to acquire the Ellendale Diamond Project on March 20, 2023.[6]
In July 2022, Burgundy launched its luxury diamond brand Maison Mazerea.[7]
On March 14, 2023, Burgundy announced that it had entered into a share purchase agreement with the Arctic Canadian Diamond companies (Arctic Canadian Diamond Holding LLC to acquire 100 percent of the issued capital in Arctic Canadian Diamond Company Ltd. and Arctic Canadian Diamond Marketing N.V.).[3] The transaction closed in July 2023, which making Burgundy Diamond Mines a fully integrated global scale company that has the ability to trace the full chain of custody of high quality ethically and sustainably sources diamonds from Ekati Diamond Mine in Canada directly to its customers.
See also
[edit]References
[edit]- ^ a b "Dominion Diamond Corp. Income Statement". Google Finance. Retrieved February 22, 2017.
- ^ "2018 Socio-Economic Agreement Report" (PDF). Retrieved 28 June 2019.
- ^ a b "Burgundy Diamond completes acquisition of Arctic Canadian Diamond Company". Mining Technology. 5 July 2023. Retrieved 2023-08-13.
- ^ "Who We Are". Burgundy Diamond Mines. Retrieved 3 March 2024.
- ^ "EHR Resources Limited will Change its Name to Burgundy Diamond Mines Limited -November 20, 2020 at 12:00 am EST | MarketScreener". www.marketscreener.com. 2020-11-20. Retrieved 2024-03-05.
- ^ "Burgundy Diamond Backing Out of Ellendale Mine Deal". nationaljeweler.com. Retrieved 2024-03-05.
- ^ "Burgundy Diamond Mines enters luxury diamonds game". The West Australian. 2022-07-06. Retrieved 2024-03-05.