Dominion Responds to Potential Sale Speculation

(IDEX Online News) – Following speculation that Dominion Diamond Corporation may be sold, the Canadian mining company issued a statement confirming that while it had engaged Rothschild & Co. to give it financial advice, it was unwilling to comment on whether a sale is likely.

“Dominion confirms that Rothschild, which has historically acted as the company’s financial advisor on a number of strategic matters, was retained earlier this year to assist the company and its board of directors in considering a number of possible initiatives to maximize shareholder value,” said the statement.

“There can be no assurances that any transaction will result from these matters and the company intends to make no further announcements or comments regarding these matters unless the circumstances so warrant.”

Dominion has come under pressure from a group of shareholders that criticized the company’s management and handling.

Dominion Diamond Corp. owns the Ekati mine as well as 40 percent of the Diavik mine.