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BRIEF-Washington Co to start talks with Canada gov't on Dominion takeover

Published 17/07/2017, 11:55 pm
© Reuters.  BRIEF-Washington Co to start talks with Canada gov't on Dominion takeover
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July 17 (Reuters) -

* Washington Co, whose takeover bid has been accepted by Canada's Dominion Diamond DDC.TO , will continue search for new Dominion CEO, no timeline, Washington president Lawrence Simkins says

* Simkins says taking Dominion Diamond private allows for longer timeline to invest in exploration to expand mine life

* Simkins says will start process of talking to gov't of Canada on Dominion takeover on Monday, confident of approvals

* Simkins says Washington has had initial discussion with Rio Tinto (LON:RIO) about its 60 percent stake in Diavik diamond mine, which is 40 percent owned by Dominion

* Simkins says had no discussions with Dominion Diamond's shareholders on takeover

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