Deals
Harry Winston Buys Diamond Mine From BHP for $500 Million
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Harry Winston Diamond Mines Ltd. agreed to buy BHP Billiton Ltd.’s Ekati mine in Canada and its marketing operations for the precious stones for $500 million.
The sale is expected to be completed in the first quarter of next year, Melbourne-based BHP, the world’s biggest mining company, said today in a statement. BHP owns 80 percent of the mine, 200 kilometers (124 miles) south of the Arctic Circle in Canada’s Northwest Territories, and sales and sorting operations in Yellowknife, Canada, and Antwerp, Belgium.