The Ekati Diamond Mine consists of the Core Zone, which includes the current operating mine and other permitted kimberlite pipes, as well as the Buffer Zone, an adjacent area hosting kimberlite pipes having both development and exploration potential. The Chairman and Chief Executive Officer of Dominion Diamond Corporation, Robert A. Gannicott, said, " We are very pleased to be able to bring our northern mining background, and diamond marketing skills, to bear on a project that is well constructed, well operated and well-endowed with resources that represent a promising future for shareholders, employees and northern stakeholders." The terms of the purchase are summarized in the Company's news release dated November 13, 2012. The purchase price was US$500 million plus purchase price adjustments of US$53 million for a total amount paid of US$553 million.