UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16
OR
15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June, 2016 |
Commission File Number: 001-33838 |
DOMINION DIAMOND CORPORATION |
(Translation of registrant's name into English)
P.O. Box 4569, Station A Toronto, ON, Canada M5W 4T9 |
(Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ⃞ Form 40-F ⊠
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ⃞
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ⃞
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ⃞ No ⊠
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DATED the 29th day of June, 2016.
DOMINION DIAMOND CORPORATION |
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(Registrant) | ||||
By: |
/s/ Ryan Webster |
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Name: |
Ryan Webster |
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Title: |
Vice-President, Corporate Finance |
EXHIBIT INDEX
EXHIBIT |
DESCRIPTION OF EXHIBIT |
|
99.1 |
News release dated June 29, 2016 - Dominion Diamond Corporation Completes Assessment of the Process Plant Fire at the Ekati Diamond Mine |
Exhibit 99.1
Dominion Diamond Corporation Completes Assessment of the Process Plant Fire at the Ekati Diamond Mine
YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)--June 29, 2016--Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) (the “Company” or “Dominion”) reports that it has completed an assessment of the damage from the fire that occurred in the process plant at the Ekati Diamond Mine on June 23rd. Dominion can confirm that the damage was limited to a small area, with no damage to the main structural components. The repairs to the plant are expected to take approximately three months, after which the plant is expected to resume operations at full capacity.
The Company has begun to execute a plan to reduce operating and capital costs during this time, which will include an adjustment of mining operations to pause mining at lower priority and lower value ore bodies, a deferral of non-essential sustaining capital, and a temporary layoff of affected staff across the Company.
The Company will continue to mine higher value material during the process plant shutdown. Ore mined during the process plant downtime will be stockpiled, with the intent to prioritize the processing of the highest value material when the plant resumes operations.
Brendan Bell, Chief Executive Officer, stated: “After taking a full and careful assessment, we are taking the most prudent course of action which delivers limited, ongoing mining of higher value ore, while also taking the necessary steps to make repairs and return to production and preserve capital. We would also like to thank our employees for their actions and commitment to resolving this situation quickly and efficiently."
The Company is updating its production and cost expectations for the fiscal year, and expects to provide an update of the fiscal year guidance in the coming week. The Company also plans to hold a conference call for investors, analysts and other interested parties following the release of this updated guidance.
Forward-Looking Information
Certain information
included herein that is not current or historical factual information,
including information about the estimated timeline to complete repairs
to the Ekati process plant, expected adjustments to the current mine
plan and mining operations, and expected reductions in operating and
capital costs constitute forward-looking information or statements
within the meaning of applicable securities laws. Forward-looking
information is based on certain factors and assumptions including, among
other things, management’s assessment of the extent of damage to the
Ekati process plant and the estimated timeframe to complete the
necessary repairs. These assumptions may prove to be incorrect.
Forward-looking information is subject to certain factors, including
risks and uncertainties, which could cause actual results to differ
materially from what the Company currently expects. These factors
include, among other things, the risk of delays in completing the
repairs to the Ekati process plant and risks associated with the remote
location of and harsh climate at the Ekati Diamond Mine. Readers are
cautioned not to place undue importance on forward-looking information,
which speaks only as of the date of this disclosure, and should not rely
upon this information as of any other date. While the Company may elect
to, it is under no obligation and does not undertake to, update or
revise any forward-looking information, whether as a result of new
information, further events or otherwise at any particular time, except
as required by law. Additional information concerning factors that may
cause actual results to materially differ from those in such
forward-looking statements is contained in the Company's filings with
Canadian and United States securities regulatory authorities and can be
found at www.sedar.com and www.sec.gov, respectively.
About Dominion Diamond Corporation
Dominion Diamond
Corporation is the world’s third largest producer of rough diamonds by
value. Both of its production assets are located in the low political
risk environment of the Northwest Territories in Canada where the
Company also has its head office. The Company is well capitalized and
has a strong balance sheet.
The Company operates the Ekati Diamond Mine and also owns 40% of the Diavik Diamond Mine. Between the two mining operations, diamonds are currently produced from a number of separate kimberlite pipes providing a diversity of diamond supply as well as reduced operational risk. It supplies premium rough diamond assortments to the global market through its sorting and selling operations in Canada, Belgium and India.
For more information, please visit www.ddcorp.ca
CONTACT:
Dominion Diamond Corporation
Investor Relations
Ms.
Kelley Stamm, (416) 205-4380
Manager, Investor Relations
kstamm@ddcorp.ca
or
Media
Relations
Ms. Laura Worsley-Brown, 867-669-6105
Senior
Advisor, External Relations
laura.worsley-brown@ekati.ddcorp.ca