Canadian diamond miner Arctic files for insolvency protection

ASX-listed Burgundy Diamond Mines has advised that its subsidiary, Arctic Canadian Diamond Company, has filed for insolvency protection under the Companies’ Creditors Arrangement Act, in British Columbia. Arctic was granted this protection by the Supreme Court of British Columbia, with the company now planning to engage lenders, creditors and other stakeholders on strategic alternatives to restructure Arctic financially and operationally.
2026-05-04 07:08:00