Bell agreed to continue working in his current position until June 30, 2017, which will resolve the issue of his replacement, ensuring a smooth transition in the management of the company.
Committee at the Personnel and Corporate Governance Board of Directors has already started the process of finding potential candidates for the post of general director of the company, previously engaged by Korn Ferry (Korn Ferry).
"And the board and I agree that this is the right time for me to hand over the reins. The decision to move the Dominion corporate offices from Yellowknife to Calgary, it was necessary to reduce operating costs and maintain the financial strength in the long term, I continue to support. However, on a personal level such a move does not correspond to the interests of my family. For me it was a pleasure to work with the senior management team of the company and I will continue to do so until it is determined by the receiver ", - said Bell.
Dominion Diamond Corporation - the third-largest diamond producer by value. Both production assets are located in the Northwest Territories of Canada, which are the low political risk environment.
The company owns the Ekati diamond mine (Ekati) and 40% of the Diavik Diamond Mine (Diavik). Dominion supplies the world market of rough diamonds premium by operations of sorting and selling in Canada, Belgium and India
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Laurelton-Reign Diamonds, which closed last August, will be opened shortly, said Namibia diamond commissioner Kennedy Hamutenya.
Laurelton-Reign Diamonds is a joint venture owned by Tiffany & Co of Laurelton Diamonds and Namibian Reign Investments. It is reported that the company left the business due to a lack of rough diamonds. 157 workers were dismissed from the company.
The company also claimed that diamonds in Namibia did not meet the criteria of Laurelton-Reign.
"It does not make sense for them to buy our diamonds and then try to sell them to another company." Our diamonds are not suitable for making their jewelry. "It's a pity that it happened, - leads the publication of The Namibian words of Hamutenya.
"Nevertheless, the plant and other assets were retained, and therefore the other half of the company (Reign Investments) will continue operations, but they will need investments," he added.
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