Burgundy Diamond Mines Limited is a Canadian mining company that sells diamonds from its

Ekati Diamond Mine The Ekati Diamond Mine, often simply called Ekati, is Canada's first surface and underground diamond mine and is owned by Burgundy Diamond Mines. It is located north-east of Yellowknife, Northwest Territories, and about south of the Arctic ...

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. The company sources its gem-quality diamonds from the Ekati Diamond Mine, located in the

Northwest Territories The Northwest Territories is a federal Provinces and territories of Canada, territory of Canada. At a land area of approximately and a 2021 census population of 41,070, it is the second-largest and the most populous of Provinces and territorie ...

, Canada. The company has a corporate office in

Calgary, Alberta Calgary () is a major city in the Provinces and territories of Canada, Canadian province of Alberta. As of 2021, the city proper had a population of 1,306,784 and a Metropolitan area, metropolitan population of 1,481,806 making it the List of ...

, Canada, a rough diamond sales office in

Antwerp, Belgium Antwerp (; ; ) is a city and a municipality in the Flemish Region of Belgium. It is the capital and largest city of Antwerp Province, and the third-largest city in Belgium by area at , after Tournai and Couvin. With a population of 565,039, ...

, and a cut and polishing facility in

Perth, Australia Perth () is the capital city of Western Australia. It is the fourth-most-populous city in Australia, with a population of over 2.3 million within Greater Perth . The world's most isolated major city by certain criteria, Perth is part of the ...

History

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 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. In July 2022, Burgundy launched its luxury diamond brand Maison Mazerea. 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.). The transaction closed in July 2023, making Burgundy Diamond Mines a fully-integrated, global-scale company that has the ability to trace the full chain of custody of high-quality sourced diamonds from Ekati Diamond Mine in Canada directly to its customers. In September 2024, Burgundy paused its plans to develop an underground project at one of the Ekati diamond mine's pits. Also in September the company called for reduced regulations in the region. Some of their requests to the NWT include lowering the amount of money the mine must set aside for reclamation costs and a guarantee that Ekati's impact benefit agreements will be grandfathered in when the Mineral Resources Act is revised, which would help Burgundy avoid any new requirements to pay Indigenous groups impacted by the mine.

References

External links

* {{official website, https://burgundydiamonds.com Mining companies of Canada Diamond mining companies Companies based in Toronto Companies formerly listed on the Toronto Stock Exchange 2017 mergers and acquisitions 2023 mergers and acquisitions

History

See also

References

External links