Canadian Arctic Mine
Dermot Desmond, the billionaire financier, has invested a further €17.7 million in Mountain Province Diamonds (MPD) to protect his stake in Gahcho Kue, the world’s largest and richest new diamond mine, which is being developed in the Canadian Arctic.
Mr Desmond bought the shares as part of a $100 million fund-raising by MPD this week to fund the mine’s development. It maintains his stake in MPD at about 23 per cent, held through his Bottin International Investments company.
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