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Ekati Mine Closes Early, Shaking NWT Economy | Calgary News
The Ekati diamond mine in the Northwest Territories is shutting down early after its owner, Burgundy Diamond Mines, failed to find a buyer and ran out of cash—marking the end of an era for Canada’s diamond mining industry. Once a cornerstone of the region’s economy, Ekati’s closure follows Diavik’s shutdown in March and leaves only Gahcho Kué, also expected to close soon. The mine supported 20% of the territory’s GDP and vital jobs for Indigenous communities. The Supreme Court of British Columbia has placed the mine’s operator, Arctic Canadian Diamond Company, into receivership, with…
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