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Ekati Mine Closes Amid Diamond Industry Decline | Montreal News
Description
The Ekati diamond mine is shutting down for good, with PwC stepping in as receiver after Burgundy Diamond Mines filed for creditor protection. No buyer could be found to keep operations alive, marking another blow to Canada’s diamond industry already reeling from lab-grown diamonds and U.S. tariffs. With Diavik and Gahcho Kué also closing, the Northwest Territories is pivoting toward critical minerals — smaller, faster-approved mines — to rebuild its economy, even as communities and workers face tough transitions.
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