Dominion Diamond expects binding agreement over restructuring soon

By Taylor Fox

New York, Nov. 13 – Dominion Diamond Mines ULC said it has been informed by its senior secured lenders and an ad hoc group of holders of its second lien notes that they expect to be able to reach a binding agreement in the near future to restructure Dominion's debt and fund the company.

Dominion will be recalling approximately 60 furloughed employees effective in early December in order to prepare for an anticipated restart of the Ekati Mine, according to a news release.

In anticipation of reaching a binding agreement, Dominion said it has determined to recall these employees given necessary lead times required to mobilize the workforce while adequately complying with Covid-19 isolation protocols.

Dominion is a diamond mining company based in Toronto.

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