Ekati diamond mine in jeopardy as owner seeks insolvency protection
Published 2:35 pm Monday, May 4, 2026
The fate of the Ekati diamond mine won’t be known for at least another week, after the mine’s owner filed for insolvency protection in the Supreme Court of British Columbia.
Protection under the Companies’ Creditors Arrangement Act (CCAA) allows for businesses to come up with a plan to figure out finances so creditors can be paid, if they ever will be, and temporarily stops creditors from either suing or seizing assets.
Ekati has been in operation since 1998 and has had multiple owners over that…