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Thursday, January 17, 2013

Minority partner looks to block sale of Ekati mine, (TSE: HW.TO), (NYSE: HWD)

Harry Winston Diamond Corp said on Thursday that a minority partner in BHP Billiton's Ekati diamond mine in northern Canada has filed a lawsuit to try to stop the top diversified miner from selling the project to Harry Winston. C. Fipke Holdings Ltd, which has a right of first refusal on the sale, is alleging that BHP Billiton failed to comply with their joint venture agreement. The company is seeking a court order to stop the sale, unless provided with a revised offer from BHP.

Harry Winston Diamond Corporation is a diamond enterprise with premium assets in the mining and luxury brand segments of the diamond industry. Shares of HW fell by 1.16% or $-0.17/share to $14.49. In the past year, the shares have traded as low as $10.64 and as high as $15.85. On average, 179997 shares of HW.TO exchange hands on a given day and today's volume is recorded at 56097.

Harry Winston Diamond Corporation is a diamond enterprise with premium assets in the mining and luxury brand segments of the diamond industry. Shares of HWD fell by 1.26% or $-0.1878/share to $14.69. In the past year, the shares have traded as low as $10.54 and as high as $16.14. On average, 606082 shares of HWD exchange hands on a given day and today's volume is recorded at 133109.



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