Episode

Ekati Mine Closes Amid Diamond Industry Decline | Montreal News

Podcast
Montreal News Today | 2 Min News | The Daily News Now!
Published
Jul 15, 2026
Duration seconds
89
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https://sources.thednn.ai/0f1bbdcf4d6dd1a4
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Summary

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. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/0f1bbdcf4d6dd1a4