Brett Desmond

9 results

Local reports said the mine will implement an enhanced testing regime for workers.  Photograph: iStock

The Canadian diamond mine backed by Dermot Desmond is “ramping up” preparations this weekend to resume production after it was shut down three weeks a(...)

File photo. Cut diamonds

A “strong recovery” in the market for rough diamonds towards the end of last year helped to relieve some of the “unprecedented” market pressure that a(...)

Before the pandemic MPD sold its share of diamonds from the Gahcho Kue diamond mine  in northern Canada  at international gem markets, such as the one in Antwerp. Photograph: Getty Images

Dermot Desmond has agreed to put up a further US$75 million (€63 million) to bail out a listed diamond miner that has suffered a “profound” impact to (...)

Dermot Desmond: the businessman has been an investor in Canadian diamond mining for more than two decades. Photograph: Cyril Byrne

Mountain Province Diamonds, the listed Canadian miner whose major shareholder is Dermot Desmond, has struck a deal with its lenders to ease rules atta(...)

MPD has told shareholders, all diamond sales have been cancelled “until further notice”. Photograph: iStock

A Canadian diamond miner backed by Irish businessman Dermot Desmond has postponed gem sales and delayed the release of its full-year financial results(...)

Irish businessman Dermot Desmond is Mountain Province Diamonds’ biggest shareholder. Photograph: Cyril Byrne

Mountain Province Diamonds, a Canadian mining company whose biggest shareholder is Irish businessman Dermot Desmond, has delisted from the Nasdaq stoc(...)

Dermot Desmond owns close to 30% of Mountain Province Diamonds.  Photograph: Dara Mac Dónaill

The Nasdaq listing of the Dermot Desmond-backed Canadian diamond miner, Mountain Province Diamonds, is under threat after its share price plunged by t(...)

Dermot Desmond: he owns almost 30%  of Mountain Province Diamonds. Photograph: Cyril Byrne

A large group of shareholders at Mountain Province Diamonds (MPD), whose biggest investor is Irish businessman Dermot Desmond, withheld their support (...)

A new National Security Agency (NSA) data gathering facility is seen under construction in Bluffdale, about 40 kms south of Salt Lake City, Utah. Photograph:  Jimmy Urquhart/ Reuters)

IIU, the private equity firm led by financier Dermot Desmond, has invested in Vahna, a cyber-security firm. The United States company is led by Brenda(...)