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

Trump threatens new tariffs, attacks Carney and Ford as trade war escalates

U.S. President Donald Trump threatened Monday to impose 50-per-cent tariffs on Canadian vehicles and auto parts, then attacked Prime Minister Mark Carney and Ontario Premier Doug Ford as the Conservative opposition demanded details of failed trade negotiations.

Two charged in Fort Smith shooting, all three victims reported as stable

Two people have been charged in relation to the shooting incident which took place in Fort Smith on August 22.

Telecom outage planned for Sachs Harbour, Sambaa K’e, and Wekweètì

The Government of the Northwest Territories is alerting residents of Sachs Harbour, Sambaa K’e and Wekweètì of a planned telecommunications service disruption.

Premier RJ Simpson speaks on new tariffs from the United States

Northwest Territories Premier R.J. Simpson has issued a statement following the new tariffs imposed by the United States on approximately $28 billion in Canadian goods.

Two new fires located over the weekend

Two new fires have been spotted over the weekend, according to the latest report by NWT Fire.