Desmond puts another $60m into diamond mine in Canadian Arctic
Mountain Province Diamonds closed off a $330 million sale of loan notes earlier this week, with entities controlled by Desmond among the biggest investors
Dermot Desmond, the billionaire financier, has sunk another $60 million into his Canadian diamond mining project, according to the company responsible for the dig.
Mountain Province Diamonds closed off a $330 million sale of loan notes earlier this week, with entities controlled by Desmond among the biggest investors. Desmond owns around a quarter of the explorer, whose main project is the Gahcho Kué diamond mine near the Arctic Circle.
In a statement, Mountain Province said “the...
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