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Dermot Desmond-backed Diamond Explorer Aims to Open New Arctic Mine ‘Within Five Years'
[The Irish Times] The financier Dermot Desmond has indicated he will back a $20 million Canadian dollars (€14m) fundraising by Kennady Diamonds, which is searching for the gemstones in the Arctic.
The company, in which he has a stake of about 20 per cent, is Mr Desmond’s second big bet on diamond exploration in the region, following his investment in Mountain Province Diamonds (MPD).
Full article at The Irish Times
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