Street Talk
Mining guru O’Keeffe seeks $231m equity for Burgundy Diamond play
Michael O’Keeffe, of Riversdale Mining and more recently Champion Iron fame, has unveiled an ambitious plan to create the largest ASX-listed diamond company and one of the largest pure play listed diamond groups globally.
O’Keeffe’s Burgundy Diamond Mines has signed a $US136 million ($209 million) deal to acquire the Ekati Diamond Mine in Canada and is seeking to fund it with a $US150 million ($231 million) equity raising.
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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