Q&A: What happens at Ekati now and is enough money set aside?
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0.146 · CENTER
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The NWT government has a “good level of confidence” that enough cash is set aside to remediate the failed Ekati diamond mine, senior officials said on Wednesday.
Over the course of its life, Ekati’s various owners set aside just over $325 million in securities to pay for the mine’s remediation. The GNWT is now using those securities to hire insolvency firm PricewaterhouseCoopers and begin closing the site.
Ekati entered receivership on Tuesday after owner Arctic Canadian Diamond Company, a subsidiary of Burgundy Diamond Mines, ran out of money and nobody stepped forwa…
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Jul 15, 2026