Dominion Diamond directors resign ‘for personal reasons’

Two directors at Dominion Diamond are stepping down “for personal reasons” just days after a group of shareholders urged the company to change its strategy.

The departure of Dr Fiona Perrott-Humphrey and Ollie Oliveira was announced in a short statement early on Thursday.

Dr Perrott-Humphrey, a financial journalist turned mining investment analyst, had been on the board for 18 months. Oliveira, a former senior executive with Anglo American and De Beers, joined the board a year earlier.

Dominion is the majority owner and operator of the Northwest Territories’ Ekati diamond mine. The company also owns 40 percent of a second NWT diamond mine, Diavik.

Earlier this week, the Canadian Press reported a group of unhappy Dominion shareholders had criticized the company for “misguided policies and missed opportunities”.

Shareholders’ criticism voiced in a letter included complaints about the company’s marketing strategy and overall business plan.

Dominion reported significantly lower Q3 diamond sales by volume in November, but this month said its plans to expand the Ekati mine remain on track.

Ollie Williams
Ollie Williams
Hello! I'm the one with the British accent. Thanks for supporting CJCD. To contact me, you can email me, find me on Twitter or call (867) 920-4663.

Continue Reading

You may also like



cjcd Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Hay River monitoring spring break-up as emergency preparedness launches

The town of Hay River has provided updates and resources regarding spring break up and emergency management planning for flooding and wildfires. This week, Hay River officials reported that early indicators suggest some localized breakup of the Hay River could take place by the weekend.

GNWT releases their first spring break up report for season

The territorial Department of Environment and Climate Change issued their first break-up report for 2026 on Friday evening. Scientists with the department reported that following a “delayed start” snowmelt is “ongoing.” The data was collected over the last month up to 2 p.m. Friday and released at 7 p.m. by the GNWT.

Behchokǫ̀ RCMP respond to reports of shots fired

RCMP in Behchokǫ̀ have responded to a report of shots being fired in the community.

GNWT breaks ground on new Territorial Wildfire Centre

The Government of the Northwest Territories broke ground in Fort Smith on the new Territorial Wildfire Centre building today, marking what they say is a new milestone in public safety investment.

Yellowknife’s aquatic centre gets official name

As of Saturday, the aquatic centre in Yellowknife will officially have a new name. After opening about one year ago, the aquatic centre has eagerly awaited naming.